Trump Lifts Additional Tariffs on Gold

The President of the United States, Donald Trump, announced that the country's gold imports will not be subject to additional tariffs. This statement comes just days after U.S. customs declared that certain gold bars would be included under new tariff regulations.

In a message on "Truth Social," Trump stated, "No tariffs will be imposed on gold," without providing further information. This clarified his stance on the issue, which had been causing uncertainty in the market.

The announcement followed a prior notice by U.S. customs indicating that gold bars of one kilogram and one hundred ounces (equivalent to 2.8 kilograms) would be subject to tariffs, which led to a historic increase in gold prices in the U.S. futures market last Friday.

This development is crucial for investors and businesses dealing in gold as it influences market dynamics and pricing strategies. Trump's clarification aims to stabilize the gold trade environment, leaving stakeholders to watch closely for any further related policy updates.