The China A-share precious metals sector opened sharply higher, with Chifeng Gold and Shanjin International up more than 6% at the open; Xiaocheng Technology, Zhaojin Gold and Shandong Gold also rose.

The National Development and Reform Commission said the domestic refined fuel price window opens at 24:00 on July 3. The NDRC Price Monitoring Center said international oil prices fell over the current pricing cycle (24:00 June 18–24:00 July 3). From 24:00 July 3, domestic gasoline and diesel prices will be cut by 950 yuan/tonne and 915 yuan/tonne, respectively. Nationwide averages: 92‑octane gasoline, 95‑octane gasoline and 0 diesel will drop 0.75, 0.79 and 0.78 yuan per litre. Filling a 50‑litre 92‑octane tank saves about 37.5 yuan. The adjustment is the largest year-to-date downward move.

哈塞特批评鲍威尔继续留任，矛盾在美联储理事会席位。主席任期结束后，鲍威尔仍有到2028年1月的理事任期；只要他不离开，白宫就少一个可以马上提名的新空缺，理事会投票结构也不会按政治节奏快速改写。 这会把市场原本盯着的“谁当主席、何时降息”，拉回到更慢的制度变量：美联储理事任期保护如何限制总统对央行的即时控制，以及未来几年美联储政策分歧可能不只体现在利率预测上，也会体现在理事席位能否被重塑。