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

????:??????:95???????

??,????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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