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'no gold tariffs'
Trump says Gold imports won't be tariffed
SUMMARY
President Trump announced that imports of gold will not face US tariffs, clarifying chaos in global bullion markets. He stated, “Gold will not be Tariffed!” despite earlier confusion caused by a ruling from US Customs, which suggested that certain gold bars would be taxed.
Gold futures remained mostly stable after Trump's comments, though spot prices still dropped over 1.2%. The ruling could have drastically impacted the bullion market if upheld.
A White House official indicated that a new policy would soon clarify the tariff situation. This adds to a turbulent year for gold amid rising prices and increased central bank purchases as a safe-haven asset.
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