Gold futures trade off highs as White House to issue clarification on bullion tariffs
Gold -term transactions climbed to a record level on Friday after a report in which the US imposes tariffs for 1 kg golden rods imports, while the Spot Gold Tariff Confusion and the US interest rate cut hopes remained on the road for a second week.
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The White House said that the “misinformation” about the precious metals facing the tariffs will clarify the gold prices on Friday.
“The White House plans to give an execution order explaining the misinformation about the tariff of golden rods and other special products in the near future,” a White House official told CNBC. He said.
Gold futures, the White House description of the whole time fell from the closing of $ 3.491.30 $. Dear metal was finalized.
. Swiss Precious Metals Association In the early hours of Friday, US tariffs warned that “the international physical gold can adversely affect”.
“We are particularly concerned about the effects of tariffs on the gold industry and the Golden Physical Change with the United States, which has been going on for a long time for Switzerland.” He said. Swiss Precious Metals Association.
President Donald Trump brought a 39% tariff to the US exports to Swiss exports. Switzerland is the world’s largest gold refinery.
“It should be noted that this statement is applied to 1KG and 100 oz golden casting bars imported from any country not only for Switzerland but also for Switzerland.” He said.
