US Edition
Trump says gold will not be tariffed
President Trump ended uncertainty by ruling out tariffs on gold imports after a U.S. Customs ruling caused gold futures to spike over $3,500 per ounce, calming global markets.
- On Monday, President Donald Trump clarified that gold "will not be Tariffed!" to ease market concerns.
- Amid tariff confusion, CBP posted a ruling Friday suggesting gold bars could face a 39% tariff, including one-kilogram and 100-ounce gold bars.
- Surging to a record high, gold futures rose to $3,534.10 per ounce on Friday, reflecting market optimism amid tariff concerns.
- U.S. gold futures fell 2.4% to $3,407 after Trump’s post, with Ross Norman saying, 'Delighted to hear the crisis has been averted,' independent analyst told Reuters.
- Following the clarification, the World Gold Council awaits U.S. clarity on potential tariffs, with Barrick CEO Mark Bristow noting mining firms are price takers.
55 Articles
55 Articles
US President Donald Trump relieved the gold market by announcing Monday, August 11, that precious metal would not be subject to the new US customs duties. A clarification more than necessary as precious metal has been the subject of uncertainty in recent days.
Trump overrules US Customs, decides gold will not face tariffs
As President Donald Trump levies tariffs of varying rates against American trading partners, one particular good appears to go unscathed. The president said Monday that gold will not face tariffs. The move comes just days after U.S. Customs and Border Patrol (CBP) indicated that gold bars — coming into the U.S. from Switzerland — would face levies. What Trump said specifically about gold Trump posted two tariff-related messages on Truth Social …
Gold prices on the rise after Donald Trump clarified that the US will not impose duties on the bars. By clearing the field of fears born last week regarding the imposition of import tariffs on the bars from Switzerland. The good refuge par excellence has therefore recovered on the markets after having suffered a drop of more than 2,5%. L'Oro, which on Friday had reached new historical peaks, had previously fallen below 3350 dollars per ounce. La…
US President Donald Trump made an announcement regarding gold, saying that gold will remain out of tariff. After this announcement by Trump, the gold price started falling, which is also a relief news for Indian buyers in the festive season.
Donald Trump has good news for GOLD
US President Donald Trump said on Monday that gold imports will not face additional tariffs, days after confusion flared on whether recent hikes applied to certain gold bars – threatening to upend global trade of the precious metal. Trump’s comments came after US customs authorities made public a letter saying that gold bars at two standard weights – one kilogram and 100 ounces (2.8 kilos) – should be classified as subject to duties. “Gold will …
The renunciation will benefit the Swiss gold industry and could have negative consequences for further negotiations in Bern.
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