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