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Reports of a new US Tariff on Bullion Send Gold Flying
According to The Financial Times, “The US has slapped tariffs on imports of one-kilo gold bars.” The bombshell article published at approximately 4:30 PM ET, this information came in the form of a ruling letter dated July 31 from The US customs Border Protection agency reportedly received by a Swiss refinery following a formal request for clarification on what types of gold products if any would be exempt from tariffs. Earlier this month Switzerland was one of the unfortunate countries to be slapped with abnormally high tariff rates. These countries are primarily smaller nations that conducted very little trade ... (full story)