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

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

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

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