An Israeli official told local media Israel has been placed on its highest state of alert to guard against a renewed war with Iran.

Spot gold slid to $4,040/oz, down 1.65% intraday. New York futures fell to $4,050/oz, down 2.59% on the day.

On July 7 in Kathmandu, MOFCOM deputy minister Yan Dong and Nepal finance ministry secretary Upadhyaya co‑chaired the 12th China‑Nepal Joint Economic and Trade Committee to discuss bilateral economic and trade cooperation. China said it will use the committee to promote healthy, sustainable trade and investment, prioritizing trade, investment, infrastructure and local cooperation, and to expand ties in digital and green economy sectors to advance trade‑investment integration. Beijing urged Nepal to improve the business environment for Chinese firms; both sides affirmed support for multilateralism, stability of global supply chains and a WTO‑centered multilateral trading system.