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Gold futures in New York whipsaw as tariff confusion sweeps precious metal market
Gold (GC=F) futures in New York retreated from record intra-day highs on Friday after the White House indicated it would clarify its trade position on the precious metal amid reports that imports of Swiss gold bars would not be exempt from tariffs. “The White House intends to issue an executive order in the near future clarifying misinformation about the tariffing of gold bars and other specialty products," a White House official told Yahoo Finance. At around 2:30 p.m. ET, futures on the COMEX exchange traded near $3,461. Futures had hit an intraday high of $4,490 per ounce earlier in the session after a ... (full story)
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From nypost.com | Aug 9, 2025
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