????,??

1?????31??????????,????????????????????0.66%,????2813.21???????/??????,????,?????????2800????????????????/?????????????????;COMEX??0.51%,????2864.2?/????,????????

??????????2?2????,???????847????????/????????????????????????

?,???????????,????????,2025??3000?/??????????????????

???????846??????????????????

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

2?2????,???846?????????????????/???????,?,?847?/??????????????,???????????????????????????????????????846?/???????????

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

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

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

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

??,????20??40??????????????/??????????????,20??????????????25????????????/????????;???????????40??????/????????????????;????????????100??/??????????????????????????0?;??128??/??????;???108????????????????/????????;??????????????????128???????????????????????/?????????????0?????????????

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

2024???????????????????????,????????25.83%,????????????,????????

?,2024???????????????????985.31???????????????????,?9.58%????????????532.02?,????24.69%;????373.13?????????,?????????????????????24.54%;??80.16?,??????4.12%?

?????,2024???????,???????????,?????????????,??????,????????????????????????????,??????,???????????????????????????,???????

?????????????,????,??,????????“????????????????????”??????????????,2024?????????????,?2024???????????,??????

“????????????????????2024?,??,??????,?????????,??????,??????????2024????,???”????

??3000???????

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

????????:“??,???????????????,??”

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

“?,????,??????(??????)????????????????????(ETF??????????)?????????????”?????,“?????????,????????2026??,???3000???????????????????????/???”

?,???????????????????2025????,??????,2025??????3000?????/?,???????

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

???????????????????,???????????????2024????????????11?“??????”??,??????????????,???????????????????,??,????????,?????????

?????????«2025?»???????,2025??,?10?????????????????,2025???????????????????????????,???,??

?? ?

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

??

??:???????????,??????????,??????????????