????? ?????????

??

???????????,?????????COMEX????2800????/??????????????????????,?????????????2830.39??/???2872??/???2????4??????????????,????????,??2820???/??????????

??????????,?????????????????,?840??/?????????????,??,???????????,???

??????????,??????????????,?,????3000???????/???????????????????????,??,???????????????ETF?????

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2???4??,?,????2820?????????/???????????,????,?,??????????0.08%?????????????????????????????2816.63???/??????,????????2?????????,??????????????,??????2830.39???????????/????????,???????????????2814.38??/????

????,COMEX????????????,????????????2872????????/?????????????????,??2843.25?????/????

??????????,??????????????????2????????????????????????????1??????????,????????,??????????25%??????????,??4????????,???2??????????????3??????????????,????,???3??????????????4?????????????????

?(??????)?,??????????????????25%?????,??,??????;???,???,???????????????????

?,???????2024????????????,??????????????????????,???????????COMEX??36%?37%?

?1?????????????28??????,?????COMEX??????????2.74%?3.7%??,???????????????????????????,?????????????,?????????????????????????,????????????????

?????

??,?,????????????????????????,??????????????????840?????????/?????????2?????????4??,???????,??855????????????/???????????853??????/?????????

????????,??????????????,????????????????,???????????????,???????????????????????????????????????“??????????”?????????????????????,????????7???,???????600??,?,???,?????

???,????,?,??,????????????,??,??????????????????

?????????,????????????,????????????,???????????,?????????????????,???????

????????,?????????,??,3?????????????????31?????????,????????????,???????????10???????????,??????????100???????

?,????,??????,??????

?

2024??,?????????????????????????,?????????,????,???COMEX??27%?

2025????????????????????????????????????????,???????,??????,?????????,???????????;???,?,??;???,???????????????????????,????????

“?????2025????????,?,???????3000????????????????,????????????????????????????????????”???????????????????,??,?,??????,?????????????ETF???????,??,???????????????????????

???????????,????????????,?,?,?,???

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