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

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

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

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