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New gold tariffs are in effect. Will Costco gold bars be affected?
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 stymied would-be gold buyers. Scott Travers, editor in chief of COINage magazine, said that the new tariff didn't appear to apply to consumer gold buyers — however, he added that published guidelines are "ambiguous." He noted that the 39% tariff ruling ... (full story)
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From brecorder.com | Aug 8, 2025
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 ...
Gold prices surged overnight after the Trump administration said gold bars will be subject to tariffs. Traders, analysts and executives were left stunned since they thought bullion would be exempt from President Donald Trump's reciprocal tariffs. This is very bad news for Switzerland. Bloomberg's Oliver Crook reports.
