日本6月领先指标终值 116.5，前值116.4。

Spot gold touched $4,670/oz, up 0.41% intraday.

People's Daily commentary says macro policy should act decisively to raise effectiveness. Continue a more proactive fiscal stance and a moderately accommodative monetary policy. Treasury daily average balances were relatively large in 1H, suggesting abundant fiscal available funds; accelerate fiscal spending and use of bond proceeds to generate real output. Strengthen fiscal-run monitoring and treasury fund scheduling and safeguard basic grassroots funding. Adjust and deploy monetary policy tools as needed to keep liquidity ample, ensure smooth policy transmission and sustain low social financing costs. Use structural monetary tools to support expanded domestic demand, tech innovation and SMEs. Coordinate fiscal and financial measures to amplify demand — fiscal guidance, financial leverage and market implementation — and assess macro-policy consistency; major policy changes affecting firms should allow reasonable transition periods.