????????????,????????????“??????”

??

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

???????,????“?????”??!

2??????11???,???????,????2942.18?????????/??????,??3000?????/?????????????,???????????????,??????????????????????2900??????????/????????????

?????????2???11???????,??????999?????????886??/?????????????,??891/????????????

????????????????????,????????????(???“??”)???????????????????,??

?????????

2024?,????????26.6%,??2025???,???1??????????????????????????,??????????????

??????????,2??????????11?,???????2940??????????,??2942.71??/????????????????,????????????2900???????/??COMEX???????2968.5????/??????????????,??????????????????????????

????????2????????????11????????,????999???????????????????886?/??????,?????891/?????????????????????

??????12????3000????????????/????????????????????,?,??????????????????,????????????

????????,?????????????????????????????,??????????????,?,???????;??????????,???????????????????,??????????????

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

?

???????????????????????,2??11??????,?,?????,?????????????

????,??,????????2025??????????????2??????????????12?????????????????(??????????????????)??????????,Au(T+D)?mAu(T+D)?Au(T+N1)?Au(T+N2)?NYAuTN06?NYAuTN12???????????10%????11%,??????????????????????9%???????10%;CAu99.99??????65000?????????????????????70000?????

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

2??????????????????10?????????,?????????????????,??????,?,???????????,??????????????????????,?,???????,?????????

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

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

??????????????,???????App?,?????????????5g?10g?20g?50g?100g?200g???????????????

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

?,??«??????????????????????»????????????????????????????,??,?????????????????2025????????2????10???????,??:??????,????????????????????????650????????????700????????????,??????????200?????????????,?;??,?????????????????????1?,???1????

???«??»,???????????????2025???????????????????2??12?,????????????????0.01%?????0.1%??????????????????0.1%???????????0.2%????????0.3%?

????????????“???????????”

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

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

???????????????,??,???????????????????????????????????????????????3000???????????,???????????2900????????????????????????????????????????,???,???????????,???????2850?????????????,??????2800????????????????????,?????????????,?????????????2025?3000??/??????????,??????,???????????????

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

?????,2025?????,??,?????????????????2025?????????????????????????????2025??????,???????????????????,?,????????????????????

???,????,???????3000??????????????????????/??,?,?????????,????????,???????????,??????????????,???????????????????COMEX????????,????,??????????? ?????????????:???

?????????

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

????????