Source: CNBC
“President Donald Trump said Monday that gold will not face tariffs, knocking down a ruling by U.S. customs officials that bars of the precious metal imported from Switzerland would face duties. ‘Gold will not be Tariffed!’ Trump said in a Truth Social post. Gold futures closed 2.48% lower at $3,404.70 per ounce after the announcement. The precious metal hit a record high Friday, after U.S. Customs and Border Protection ruled that 1 kilogram and 100 ounce gold cast bars from Switzerland were subject to Trump’s 39% tariffs on imports from the country.” (08/11/25)
https://www.cnbc.com/2025/08/11/trump-gold-tariffs-futures.html