????????,??????????“????????????”

????:??????:??????

???? ??

??????,??“???”??????????????!

2????????11????????????,??????,?2942.18???????????????/??????????????????????,????????????3000?/???????????????????????,??????????????????????,???????2900???????????????????/?????

??????????????????????????2?11??????????????,?999?????????????886??/??????????????,??????????891/???????

????????,??(??????????“???????????????”)???,?????????

????

2024?,??????????????????26.6%,????????2025???????,?????????????????1??????????,?????????????????????????????

?????,2????????????????11?,????????????????????2940???,??????2942.71???????/?????????????,??????????????2900??/???COMEX???2968.5??????????????????/???????????????????,????????????

??????????????2????????11????,????????????????????999???886?????????/?,????????????891/??????????????

??????????????12????????3000???/???????,????????,???????,????????????

??????,??????????????????????,????????????????,????????,???;??????????????????????,??????????????????????????,??????????????????????

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

?

?????????????,2??????11????????????????????,????????????????,?????????????,??

????????,???????,????????2025???????2?12????????(?????????????????????????)??????????,Au(T+D)?mAu(T+D)?Au(T+N1)?Au(T+N2)?NYAuTN06?NYAuTN12??????????????????????10%?????????11%,??9%?10%;CAu99.99?????????????65000????70000??????????

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

2?10?????????????,??,?????????,???????????????,??????????????????????,??????????????????????????,???????,?????????????????????,?????

?

??,?,???

??????????????,????????App?????????,???5g?10g?20g?50g?100g?200g???????

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

?,?????????????«??????»?,??????????,????2025?2??????????10??,?:??????????,??????650?????????????????700??????,???????????????????200???????,??????????;?????????,????????????????1???????,????????????????????????1?????????

??????????«???????»,?2025??????????????2??????12????,????????0.01%?????????????0.1%???????0.1%???0.2%???0.3%?

????????????“?????????????????”

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

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

??????????????????????,??,???3000??????,????????????????2900??????????????????????,????????????????????????????????????????,???????????????????,??????????2850????????????,????2800???????????,?????,??????????????2025????????????3000???????????????/????,?????,??????

“??,????,????,??,?????????????,????????????”??????,??????????????

??????????????,2025???????????????????????????????????????????????,?,??2025??????????2025??,???????????????,??,????

??????????????,?????????????????,???3000???????????????????/?,?,????????????????????????????,????,?,???????,?COMEX???????,????????????????????,????? ???????????:????????????