????:1???????????:??????????

2?????????????

3???????

4???????

5????????????

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