核心要点1）7月出口数据改善：根据海关总署，25年7月我国出口当月同比+7.2%（美元口径，25年6月为+5.9%），其中家具、服装、鞋靴、纺织品出口当月同比分别为+3.0%、-0.6%、-7.7%、+0.5%（25年6月分别为+0.6%、+1.1%、-4.0%、-1.6%）。2）25Q2全球黄金投资需求走高：根据世界黄金协会数据，25Q2全球黄金需求总量1249吨/+3%，其中黄金ETF净流入...
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