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

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

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

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

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

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

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

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

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