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Billions made and lost in a blink as gold rides Trump rollercoaster
The global gold market relies on a network of banks, refineries and couriers that can fly bullion between key trading hubs at a moment’s notice in pursuit of the highest prices. Over the weekend, a shock US ruling suggesting the metal would be subject to tariffs plunged that system into chaos. The apparent decision by the US Customs and Border Protection agency – announced privately in a letter to a Swiss refiner on July 31 and made public on Friday – sent gold futures in New York soaring to a record as insiders warned the tariffs would have dire consequences. Then, just as quickly, prices tumbled after the ... (full story)
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- Aug 10, 2025 3:56pm Posted byFundamental Analysis235
