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

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

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

??

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