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Gold futures hit record high after report of US tariffs on gold bars
Gold futures climbed to a record high on Friday after a report that the United States had imposed tariffs on imports of 1-kg gold bars, while spot gold stayed on track for a second straight weekly gain on tariff turmoil and U.S. interest rate-cut hopes. Spot gold was down 0.3% at $3,386.30 per ounce, as of 0305 GMT, after hitting its highest since July 23 earlier in the session. Bullion is up 0.7% so far this week. U.S. gold futures for December delivery were up 0.9% at $3,484.10, after hitting an all-time high of $3,534.10. The price spread between New York futures and spot prices widened by more than $100 after the ... (full story)
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The US has slapped tariffs on imports of one-kilo gold bars, in a move that threatens to upend the global bullion market and deal a fresh blow to Switzerland, the world’s largest refining hub, Report informs via The Financial Times. The Customs Border Protection agency said one-kilo and 100 ounce gold bars should be classified under a customs code subject ...
From finance.yahoo.com | Aug 8, 2025
Buying gold bars from Costco is just about the easiest way to get your hands on the precious metal — if you're lucky enough to find them in stock. Gold (GC=F) has been surging all year, with gold futures reaching yet another high Friday. However, the surprising announcement of additional tariffs on gold bars by US Customs and Border Protection (CBP) has ...
