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Trump assures gold bars will not face tariffs after US customs ruling rocked markets: ‘Crisis averted’
President Trump on Monday said gold bars will not face tariffs – leading to relief from global bullion markets after days of speculation that the precious metal could be caught up in the ongoing global trade war. “Gold will not be Tariffed!” Trump wrote in a post on his social media platform Truth Social Monday. US spot gold – the global benchmark – fell 1.2% to $3,357 an ounce following Trump’s comment, while gold futures dropped 2.4% to $3,407 after soaring to a record-high above $3,500 last week. “Delighted to hear the crisis has been averted,” Ross Norman, an independent gold market analyst, said ... (full story)
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- Aug 11, 2025 10:14pm Posted byFundamental Analysis283
