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\u7f8e\u4e2d\u521d\u6b65\u534f\u8bae\u4e0e\u5173\u7a0e\u98ce\u9669<\/h3>\n<p>2025\u5e746\u670811\u65e5\uff0c\u7f8e\u56fd\u603b\u7edf\u5510\u7eb3\u5fb7\u00b7\u7279\u6717\u666e\u5728\u4f26\u6566\u5ba3\u5e03\u4e0e\u5317\u4eac\u8fbe\u6210\u4e00\u9879<em>\u201c\u8c05\u89e3\u6846\u67b6\u201d<\/em>\u3002\u6839\u636e\u5176\u8bf4\u6cd5\uff0c\u7f8e\u56fd\u5c06\u5bf9\u4e2d\u56fd\u8fdb\u53e3\u5546\u54c1\u7ee7\u7eed\u5f81\u6536<strong>55%<\/strong>\u7684\u5173\u7a0e\uff0c\u800c\u4e2d\u56fd\u5219\u7ef4\u6301\u5bf9\u7f8e\u56fd\u5546\u54c110%\u7684\u5173\u7a0e\uff08\u300a\u536b\u62a5\u300b\uff0c2025\u5e746\u670811\u65e5\uff09\u3002<\/p>\n<p>\u5c3d\u7ba1\u534f\u8bae\u4e2d\u5305\u542b\u4e2d\u56fd\u627f\u8bfa\u63d0\u4f9b\u7a00\u571f\u8d44\u6e90\u4ee5\u53ca\u5f00\u653e\u5927\u5b66\u5165\u5b66\u914d\u989d\uff0c\u4f46\u672a\u660e\u786e\u8bf4\u660e\u5173\u7a0e\u524a\u51cf\u7684\u65f6\u95f4\u8868\uff0c\u4ece\u800c\u7ef4\u6301\u4e86<q>\u76d1\u7ba1\u4e0d\u786e\u5b9a\u6027\u4f5c\u4e3a\u5168\u7403\u4f9b\u5e94\u94fe\u7684\u4e3b\u8981\u98ce\u9669<\/q>\uff08\u300a\u536b\u62a5\u300b\uff0c2025\u5e746\u670811\u65e5\uff09\u3002<\/p>\n<p><\/p>\n<h3>3.2 \u5bf9\u65b0\u5174\u5e02\u573a\u7684\u5f71\u54cd<\/h3>\n<p>\u6700\u5177\u4ee3\u8868\u6027\u7684\u4f8b\u5b50\u662f\u5370\u5ea6\uff1a\u7531\u4e8e\u6cb9\u4ef7\u4e0a\u6da8\u548c\u7f8e\u4e2d\u534f\u8bae\u7f3a\u4e4f\u660e\u786e\u4fe1\u606f\uff0c<em>BSE Sensex<\/em>\u6307\u6570\u57286\u670812\u65e5\u4e0b\u8dcc\u8d85\u8fc7<strong>800\u70b9<\/strong>\uff0c\u521b\u4e0b\u4e94\u5468\u4ee5\u6765\u6700\u5dee\u5355\u65e5\u8868\u73b0\uff08Economic Times\uff0c2025\u5e746\u670812\u65e5\uff09\u3002<\/p>\n<p>\u7b2c\u4e8c\u5929\uff0c\u8c03\u6574\u7ee7\u7eed\uff0c<em>Nifty 50<\/em>\u6307\u6570\u6536\u4e8e24,750\u70b9\u4ee5\u4e0b\uff0c\u56e0\u94f6\u884c\u53ca\u4f9d\u8d56\u8fdb\u53e3\u539f\u6750\u6599\u7684\u6d88\u8d39\u7c7b\u4f01\u4e1a\u906d\u5230\u629b\u552e\uff08Economic Times\uff0c2025\u5e74\uff09\u3002<\/p>\n<p><\/p>\n<h2>4. \u91cd\u8981\u5e02\u573a\u52a8\u6001<\/h2>\n<p><\/p>\n<h3>4.1 \u5168\u7403\u80a1\u7968\u5e02\u573a<\/h3>\n<p><strong>6\u670813\u65e5<\/strong>\uff0c\u534e\u5c14\u8857\u5927\u5e45\u4e0b\u8dcc\uff1aS&P 500\u6307\u6570\u4e0b\u8dcc1.13%\uff0c\u7eb3\u65af\u8fbe\u514b\u4e0b\u8dcc1.30%\uff0c\u9053\u743c\u65af\u5de5\u4e1a\u6307\u6570\u4e0b\u8dcc1.79%\u3002\u5728\u6b27\u6d32\uff0c<em>STOXX 600<\/em>\u6307\u6570\u4e0b\u8dcc0.9%\uff0c\u8fde\u7eed\u7b2c\u4e94\u4e2a\u4ea4\u6613\u65e5\u4e0b\u8dcc\u3002\u4e9a\u6d32\u7684\u98ce\u9669\u60c5\u7eea\u4e5f\u51fa\u73b0\u6076\u5316\uff0c\u4e3b\u8981\u80a1\u6307\u4e0b\u8dcc\u4e861%\u81f31.5%\u4e4b\u95f4\uff0c\u800c\u6ce2\u52a8\u7387\u5728\u672c\u5468\u672b\u4e0a\u5347\uff08\u300a\u536b\u62a5\u300b\uff0c2025\u5e746\u670813\u65e5\uff09\u3002<\/p>\n<p><\/p>\n<h3>4.2 \u8d35\u91d1\u5c5e<\/h3>\n<p>\u9ec4\u91d1\u7ee7\u7eed\u53d1\u6325\u5176\u907f\u9669\u529f\u80fd\uff1a\u5468\u4e94\u6536\u4e8e<strong>3,430\u7f8e\u5143\/\u76ce\u53f8<\/strong>\uff0c\u65e5\u5185\u4e0a\u6da81.37%\uff0c\u8ddd\u79bb4\u6708\u521b\u4e0b\u7684\u5386\u53f2\u9ad8\u70b9\u4ec5\u5dee2%\uff1b\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u767d\u94f6\u6536\u4e8e36.23\u7f8e\u5143\/\u76ce\u53f8\uff0c\u51e0\u4e4e\u6301\u5e73\uff0c\u94c2\u91d1\u4e0b\u8dcc5.17%\u3002<\/p>\n<p><\/p>\n<h3>4.3 \u52a0\u5bc6\u8d27\u5e01<\/h3>\n<p>\u5728\u4ee5\u8272\u5217\u8f70\u70b8\u4e4b\u540e\uff0c\u6bd4\u7279\u5e01\u66b4\u8dcc\u81f3<strong>103,900\u7f8e\u5143<\/strong>\uff0c\u4e3a\u4e09\u5468\u6765\u7684\u6700\u4f4e\u6c34\u5e73\uff08Reynolds\uff0c2025\u5e74\uff09\u3002\u968f\u540e\u53cd\u5f39\u81f3106,000\u7f8e\u5143\u5de6\u53f3\uff0c\u4f46\u6700\u7ec8\u6536\u8dcc\u7ea62%\uff08Sandor & Carreras\uff0c2025\u5e74\uff09\uff1b\u671f\u6743\u5e02\u573a\u7684<em>skew<\/em>\u663e\u793a\u6295\u8d44\u8005\u5bf9\u770b\u8dcc\u671f\u6743\u7684\u5bf9\u51b2\u9700\u6c42\u4e0a\u5347\uff08Godbole\uff0c2025\u5e74\uff09\u3002<\/p>\n<p><\/p>\n<h2>5. \u5bf9\u6295\u8d44\u7ec4\u5408\u677f\u5757\u7684\u5f71\u54cd<\/h2>\n<p><\/p>\n<h3>5.1 \u79d1\u6280\u5de8\u5934\uff08Mega-caps\uff09<\/h3>\n<p><strong>\u82f9\u679c\uff08Apple\uff09<\/strong>\u56e05\u4ebf\u6b27\u5143\u7f5a\u6b3e\u53ca\u6bcf\u65e5\u7f5a\u91d1\u5a01\u80c1\u4e0b\u8dcc1.9%\uff1b<strong>Meta<\/strong>\u4e0b\u8dcc2.4%\uff1b<strong>Alphabet<\/strong>\u9762\u4e34\u5bf9\u6536\u8d2dWiz\u7684\u5ba1\u67e5\uff1b<strong>\u5fae\u8f6f\uff08Microsoft\uff09<\/strong>\u8868\u793a\u5176<em>\u8d44\u672c\u652f\u51fa<\/em>\u5c06\u201c\u589e\u901f\u653e\u7f13\u201d\uff08Hood\uff0c2025\u5e74\uff09\uff1b<strong>\u4e9a\u9a6c\u900a\uff08Amazon\uff09<\/strong>\u5426\u8ba4\u524a\u51cf\u6295\u8d44\uff0c\u4f46\u5206\u6790\u5e08\u8b66\u544a\u5176\u65b0\u5efa<em>\u6570\u636e\u4e2d\u5fc3<\/em>\u7684\u65f6\u673a\u53ef\u80fd\u63a8\u8fdf\uff08Pymnts\uff0c2025\u5e74\uff09\u3002\u6700\u540e\uff0c<strong>Nvidia<\/strong>\u56e0\u5c06\u4e2d\u56fd\u6392\u9664\u5728\u9884\u6d4b\u4e4b\u5916\u800c\u4e0b\u8dcc6%\u3002<\/p>\n<p><\/p>\n<h3>5.2 \u6210\u957f\u578bETF\uff08SCHG, SPYG, ACWI\uff09<\/h3>\n<p>\u201c\u9ad8\u5229\u7387\u7ef4\u6301\u66f4\u4e45\u201d\u7684\u653f\u7b56\u503e\u5411\u4ee5\u53ca\u5730\u7f18\u653f\u6cbb\u7d27\u5f20\u6253\u51fb\u4e86\u6210\u957f\u578bETF\uff1a<strong>SCHG<\/strong>\u6536\u4e8e28.27\u7f8e\u5143\uff08FinanceCharts\uff0c2025\u5e74\uff09\uff1b<strong>SPYG<\/strong>\u4e0b\u8dcc\u81f391.01\u7f8e\u5143\uff1b<strong>ACWI<\/strong>\u5468\u8dcc\u5e45\u4e3a1.5%\u3002<\/p>\n<p><\/p>\n<h3>5.3 \u534a\u5bfc\u4f53\u677f\u5757\uff08NVDA, TSMC, ASML\uff09<\/h3>\n<p><strong>\u53f0\u79ef\u7535\uff08TSMC\uff09<\/strong>\u56e055%\u5173\u7a0e\u5a01\u80c1\u5bfc\u81f4\u5e74\u521d\u81f3\u4eca\u4e0b\u8dcc\u8d85\u8fc720%\uff1b<strong>\u963f\u65af\u9ea6\uff08ASML\uff09<\/strong>\u56e0\u6709\u5173\u6269\u5c55\u5149\u523b\u8bbe\u5907\u7ba1\u5236\u7684\u4f20\u8a00\u672c\u5468\u4e0b\u8dcc4%\u3002<\/p>\n<p><\/p>\n<h3>5.4 \u8d35\u91d1\u5c5e\u4e0e\u907f\u9669\uff08IAU\uff09<\/h3>\n<p><em>iShares\u9ec4\u91d1\u4fe1\u6258<\/em>\uff08<strong>IAU<\/strong>\uff09\u57286\u670813\u65e5\u4e0a\u6da81.33%\uff0c\u8ddf\u968f\u9ec4\u91d1\u8d70\u52bf\u4e0a\u626c\uff08Yahoo\u8d22\u7ecf\uff0c2025\u5e74\uff09\u3002<\/p>\n<p><\/p>\n<h3>5.5 \u52a0\u5bc6\u8d27\u5e01\uff08BTC\uff09<\/h3>\n<p><strong>\u6bd4\u7279\u5e01<\/strong>\u4e0b\u8dcc\u81f3103,900\u7f8e\u5143\u540e\u53cd\u5f39\uff1b\u5176\u4e0e\u5e03\u4f26\u7279\u6cb9\u4ef7\u7684\u53cd\u5411\u5173\u7cfb\u52a0\u5267\uff0c\u671f\u6743\u5e02\u573a\u7684<em>skew<\/em>\u663e\u793a\u5bf9\u4fdd\u62a4\u6027\u770b\u8dcc\u671f\u6743\u7684\u9700\u6c42\u4e0a\u5347\u3002<\/p>\n<p><\/p>\n<h2>6. \u5c55\u671b\u4e0e\u5efa\u8bae\u884c\u52a8<\/h2>\n<ul>\n<li><strong>\u6218\u672f\u6027\u518d\u5e73\u8861\u4e0e\u671f\u6743\u5bf9\u51b2<\/strong>\u3002\u79d1\u6280\u5de8\u5934\u4e0e\u534a\u5bfc\u4f53\u7684\u540c\u6b65\u4e0b\u8dcc\u8868\u660e\u5e94\u51cf\u5c11\u5bf9\u53d7\u5173\u7a0e\u4e0e\u51fa\u53e3\u7ba1\u5236\u5f71\u54cd\u6700\u5927\u7684\u4e2a\u80a1\uff08\u5982NVDA\u3001TSM\uff09\u7684\u6301\u4ed3\uff0c\u5e76\u5c06\u90e8\u5206\u914d\u7f6e\u8f6c\u5411\u9632\u5fa1\u578b\u884c\u4e1a\uff08\u5982\u533b\u7597\u3001\u57fa\u7840\u6d88\u8d39\uff09\u6216\u201c\u7f13\u51b2\u578bETF\u201d\uff0c\u8be5\u7c7b\u4ea7\u54c1\u5728\u4e0a\u5b63\u5ea6\u5438\u5f15\u521b\u7eaa\u5f55\u768456\u4ebf\u7f8e\u5143\u8d44\u91d1\u6d41\u5165\u3002\u5e74\u521d\u4ee5\u6765\u671f\u6743\u6ea2\u4ef7\u4e0b\u964d\u7ea616%\uff0c\u4e3a\u8d2d\u4e70\u6307\u6570\u770b\u8dcc\u671f\u6743\uff08S&P 500\u3001\u7eb3\u6307100\uff09\u6216\u9ec4\u91d1\u770b\u6da8\u671f\u6743\u63d0\u4f9b\u4e86\u7a97\u53e3\u3002\u90e8\u5206\u57fa\u91d1\u7ecf\u7406\u5728\u4ee5\u4f0a\u51b2\u7a81\u540e\u5efa\u8bae\u4f7f\u7528\u4e09\u81f3\u516d\u4e2a\u6708\u7684\u201c\u65e5\u5386\u4ef7\u5dee\u201d\u7b56\u7565\uff0c\u4ee5\u5e94\u5bf9\u5173\u7a0e\u4e0e\u5730\u7f18\u653f\u6cbb\u4e0d\u786e\u5b9a\u6027\u3002<\/li>\n<li><strong>\u7b56\u7565\u6027\u63d0\u9ad8\u6d41\u52a8\u6027<\/strong>\u3002\u672c\u5468\u5168\u7403\u80a1\u7968\u5e02\u573a\u51fa\u73b0\u8d44\u91d1\u5916\u6d41\uff0c\u540c\u65f6<em>\u8d27\u5e01\u5e02\u573a\u57fa\u91d1<\/em>\u4ed3\u4f4d\u4e0a\u5347\uff1b\u7f8e\u56fd\u94f6\u884c\u4f30\u8ba1\u6df7\u5408\u578b\u6295\u8d44\u7ec4\u5408\u4e2d\u73b0\u91d1\u5360\u6bd4\u5347\u81f35.8%\uff0c\u4e3a2023\u5e74\u4ee5\u6765\u6700\u9ad8\u3002\u7ef4\u63015-10%\u7684\u73b0\u91d1\uff08\u6216\u77ed\u671f\u56fd\u503aETF\uff09\u80fd\u628a\u63e1\u53ef\u80fd\u7684\u56de\u8c03\u673a\u4f1a\uff0c\u5e76\u51cf\u7f13\u4e0e\u6cb9\u4ef7\u548c\u957f\u671f\u9ad8\u5229\u7387\u76f8\u5173\u7684\u6ce2\u52a8\u3002<\/li>\n<li><strong>\u76d1\u7ba1\u8282\u70b9\u4e0e\u9ad8\u5c42\u8bba\u575b\u52a8\u6001\u76d1\u63a7<\/strong>\u3002a\uff096\u670817\u201318\u65e5FOMC\u4f1a\u8bae\uff08\u5305\u62ec\u9884\u6d4b\u4e0e\u9c8d\u5a01\u5c14\u65b0\u95fb\u53d1\u5e03\u4f1a\uff09\u5c06\u51b3\u5b9a\u7d27\u7f29\u5468\u671f\u7684\u6301\u7eed\u65f6\u95f4\u3002b\uff09\u82f9\u679c\u4e0eMeta\u9700\u57286\u670823\u65e5\u524d\u63d0\u4ea4DMA\u5408\u89c4\u8ba1\u5212\uff0c\u4ee5\u907f\u514d\u6bcf\u65e5\u9ad8\u8fbe\u5168\u7403\u8425\u65365%\u7684\u7f5a\u6b3e\u3002c\uff09G7\u5c06\u4e8e6\u670825\u201327\u65e5\u5728\u610f\u5927\u5229\u666e\u5229\u4e9a\u53ec\u5f00\uff0c\u8bae\u9898\u5305\u62ec\u5173\u952e\u4f9b\u5e94\u94fe\u4e0e\u4eba\u5de5\u667a\u80fd\u76d1\u7ba1\uff0c\u662f\u79d1\u6280\u5de8\u5934\u4e0e\u534a\u5bfc\u4f53\u7684\u91cd\u8981\u5173\u6ce8\u70b9\u3002d\uff09\u7f8e\u56fd\u56fd\u4f1a\u5c06\u57287\u6708\u7b2c\u4e00\u5468\u542c\u8bc1\u4f1a\u4e0a\u8ba8\u8bba\u6269\u5927\u5bf9\u82af\u7247\u7684\u51fa\u53e3\u7ba1\u5236\u4e0e\u65b0\u589e\u5236\u88c1\u3002<\/li>\n<\/ul>\n<p><\/p>\n<h2>7. \u76d1\u6d4b\u6e05\u5355<\/h2>\n<ol>\n<li><strong>6\u670817\u201318\u65e5<\/strong> \u2014 \u7f8e\u8054\u50a8\u51b3\u8bae + \u201c\u70b9\u9635\u56fe\u201d\u3002\u786e\u8ba4\u662f\u5426\u4ecd\u9884\u8ba1\u4e09\u6b21\u964d\u606f\uff0c\u6216\u5c06\u5176\u63a8\u8fdf\uff1b\u5bf9\u6210\u957f\u80a1\u4f30\u503c\u6709\u76f4\u63a5\u5f71\u54cd\u3002<\/li>\n<li><strong>6\u670823\u65e5<\/strong> \u2014 \u6b27\u76df\u59d4\u5458\u4f1a\u622a\u6b62\u671f\uff0c\u8981\u6c42Apple\u4e0eMeta\u8c03\u6574\u5176App Store\u4e0e\u201c\u4ed8\u8d39\u6216\u540c\u610f\u201d\u6a21\u5f0f\u4ee5\u7b26DMA\u89c4\u5b9a\uff1b\u5b58\u5728\u6bcf\u65e5\u7f5a\u6b3e\u98ce\u9669\u3002<\/li>\n<li><strong>6\u670825\u201327\u65e5<\/strong> \u2014 G7\u5cf0\u4f1a\u4e8e\u610f\u5927\u5229\u666e\u5229\u4e9a\u4e3e\u884c\u3002\u5173\u6ce8\u516c\u544a\u5185\u5bb9\uff1aa\uff09\u7f8e\u4e2d\u5173\u7a0e\u653f\u7b56\uff0cb\uff09\u534a\u5bfc\u4f53\u7ba1\u63a7\u534f\u8c03\uff0cc\uff09\u53ef\u80fd\u91ca\u653e\u6218\u7565\u539f\u6cb9\u50a8\u5907\u3002<\/li>\n<li><strong>6\u670830\u65e5<\/strong> \u2014 \u7f8e\u56fd\u5546\u52a1\u90e8\u5c06\u521d\u6b65\u66f4\u65b0AI\u51fa\u53e3\u7ba1\u5236\u6548\u679c\uff1bNvidia\u4e0eASML\u6210\u4e3a\u91cd\u70b9\u5ba1\u67e5\u5bf9\u8c61\u3002<\/li>\n<li><strong>\u2006\u8fdb\u884c\u4e2d<\/strong> \u2014 \u4ee5\u8272\u5217\u2013\u4f0a\u6717\u51b2\u7a81\u540e\u7684\u5e03\u4f26\u7279\u6cb9\u4ef7\u52a8\u6001\u4e0e\u6f5c\u5728\u5347\u7ea7\uff1b\u82e5\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u5173\u95ed\uff0c\u6cb9\u4ef7\u5c06\u9762\u4e34\u2265100\u7f8e\u5143\/\u6876\u7684\u98ce\u9669\u3002<\/li>\n<\/ol>\n<p><\/p>\n<h2>\u53c2\u8003\u6587\u732e<\/h2>\n<p><\/p>\n<ul>\n<li>Board of Governors of the Federal Reserve System. (2025, 7 mayo). <em>Federal Reserve issues FOMC statement<\/em>. <a href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20250507a.htm\" target=\"_blank\">https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20250507a.htm<\/a><\/li>\n<li>The Guardian. (2025, 11 junio). <em>Trump says China will face 55 % tariffs in new trade deal<\/em>. <a href=\"https:\/\/www.theguardian.com\/business\/2025\/jun\/11\/trump-says-china-will-face-55-percent-tariffs-us-trade-deal-rare-earth-minerals\" target=\"_blank\">https:\/\/www.theguardian.com\/business\/2025\/jun\/11\/trump-says-china-will-face-55-percent-tariffs-us-trade-deal-rare-earth-minerals<\/a><\/li>\n<li>The Guardian. (2025, 13 junio). <em>Oil and gold prices soar and stock markets fall after Israel’s attacks on Iran<\/em>. <a href=\"https:\/\/www.theguardian.com\/business\/2025\/jun\/13\/oil-and-gold-prices-soar-after-israel-attacks-on-iran\" target=\"_blank\">https:\/\/www.theguardian.com\/business\/2025\/jun\/13\/oil-and-gold-prices-soar-after-israel-attacks-on-iran<\/a><\/li>\n<li>Trading Economics. (2025, 14 junio). <em>Gold price<\/em>. <a href=\"https:\/\/tradingeconomics.com\/commodity\/gold\" target=\"_blank\">https:\/\/tradingeconomics.com\/commodity\/gold<\/a><\/li>\n<li>European Commission. (2025, 23 abril). <em>Commission finds Apple and Meta in breach of the Digital Markets Act<\/em>. <a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_25_1085\" target=\"_blank\">https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_25_1085<\/a><\/li>\n<li>Tech Policy Press. (2025, 23 abril). <em>Understanding the Apple and Meta non-compliance decisions under the DMA<\/em>. <a href=\"https:\/\/techpolicy.press\/understanding-the-apple-and-meta-noncompliance-decisions-under-the-digital-markets-act\" target=\"_blank\">https:\/\/techpolicy.press\/understanding-the-apple-and-meta-noncompliance-decisions-under-the-digital-markets-act<\/a><\/li>\n<li>Kluwer Competition Law Blog. (2025, 28 abril). <em>The DMA\u2019s teeth: Meta and Apple fined by the European Commission<\/em>. <a href=\"https:\/\/competitionlawblog.kluwercompetitionlaw.com\/2025\/04\/28\/the-dmas-teeth-meta-and-apple-fined-by-the-european-commission\/\" target=\"_blank\">https:\/\/competitionlawblog.kluwercompetitionlaw.com\/2025\/04\/28\/the-dmas-teeth-meta-and-apple-fined-by-the-european-commission\/<\/a><\/li>\n<li>Economic Times. (2025, 12 junio). <em>Stock-market highlights: Sensex settles 823 pts lower, Nifty below 24 900<\/em>. <a href=\"https:\/\/economictimes.indiatimes.com\/markets\/stocks\/live-blog\/bse-sensex-today-live-nifty-stock-market-updates-12-june-2025\/liveblog\/121790483.cms\" target=\"_blank\">https:\/\/economictimes.indiatimes.com\/markets\/stocks\/live-blog\/bse-sensex-today-live-nifty-stock-market-updates-12-june-2025\/liveblog\/121790483.cms<\/a><\/li>\n<li>Hood, A. (2025, mayo). <em>Microsoft capex to grow at slower rate, CFO says<\/em>. CFO Dive. <a href=\"https:\/\/www.cfodive.com\/news\/microsoft-capex-grow-slower-rate-cfo-ai\/746947\/\" target=\"_blank\">https:\/\/www.cfodive.com\/news\/microsoft-capex-grow-slower-rate-cfo-ai\/746947\/<\/a><\/li>\n<li>Pymnts. (2025, mayo). <em>Amazon CEO Andy Jassy says tariffs have not affected sales<\/em>. <a href=\"https:\/\/www.pymnts.com\/amazon\/2025\/amazon-ceo-andy-jassy-says-tariffs-have-not-affected-sales\/\" target=\"_blank\">https:\/\/www.pymnts.com\/amazon\/2025\/amazon-ceo-andy-jassy-says-tariffs-have-not-affected-sales\/<\/a><\/li>\n<li>Yahoo Finance. (2025). <em>iShares Gold Trust (IAU) \u2013 historical data<\/em>. <a href=\"https:\/\/finance.yahoo.com\/quote\/IAU\/history\/\" target=\"_blank\">https:\/\/finance.yahoo.com\/quote\/IAU\/history\/<\/a><\/li>\n<li>FinanceCharts. (2025). <em>SCHG performance history & total returns<\/em>. <a href=\"https:\/\/www.financecharts.com\/etfs\/SCHG\/performance\" target=\"_blank\">https:\/\/www.financecharts.com\/etfs\/SCHG\/performance<\/a><\/li>\n<li>Reynolds, S. (2025, 12 junio). <em>Bitcoin tumbles below 104 000 $ as Israel strikes Iran<\/em>. CoinDesk. <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/06\/12\/btc-trading-under-104k-as-israel-appears-to-strike-iran\" target=\"_blank\">https:\/\/www.coindesk.com\/markets\/2025\/06\/12\/btc-trading-under-104k-as-israel-appears-to-strike-iran<\/a><\/li>\n<li>Sandor, K., & Carreras, T. (2025, 13 junio). <em>Bitcoin bounces to 106 000 $ after Iran-Israel jitters<\/em>. CoinDesk. <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/06\/13\/bitcoin-bounces-to-106k-after-iran-israel-jitters-but-analysts-warn-of-deeper-pullback\" target=\"_blank\">https:\/\/www.coindesk.com\/markets\/2025\/06\/13\/bitcoin-bounces-to-106k-after-iran-israel-jitters-but-analysts-warn-of-deeper-pullback<\/a><\/li>\n<li>Godbole, O. (2025, 13 junio). <em>Bitcoin \u2018skew\u2019 slides as oil prices surge 6 %<\/em>. CoinDesk. <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/06\/13\/bitcoin-skew-slides-as-oil-prices-surges-6-on-israel-iran-tensions\" target=\"_blank\">https:\/\/www.coindesk.com\/markets\/2025\/06\/13\/bitcoin-skew-slides-as-oil-prices-surges-6-on-israel-iran-tensions<\/a><\/li>\n<\/ul>\n<p><\/body><br \/>\n<\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6b66\u5668\u4e0e\u7b97\u6cd5\uff1a\u5730\u7f18\u653f\u6cbb\u4e0e\u79d1\u6280\u7684\u5f71\u54cd \u6b66\u5668\u4e0e\u7b97\u6cd5\uff1a\u5730\u7f18\u653f\u6cbb\u4e0e\u79d1\u6280\u7684\u5f71\u54cd \u6267\u884c\u6458\u8981 \u57282025\u5e746\u67089\u65e5\u81f314\u65e5\u8fd9\u4e00\u5468\u5185\uff0c\u4e09\u4e2a\u98ce\u9669\u7126\u70b9\u540c\u65f6\u51fa\u73b0\uff0c\u51b2\u51fb\u4e86\u6211\u5728eToro\u6295\u8d44\u7ec4\u5408\u4e2d\u7684\u6210\u957f\u578b\u8d44\u4ea7\uff1a \u7d27\u7f29\u7684\u5b8f\u89c2\u73af\u5883\uff1a\u7f8e\u8054\u50a8\u7ef4\u6301\u8054\u90a6\u57fa\u91d1\u5229\u7387\u57284.25 \u2013 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