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

?,???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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