Gold will not be tariffed, says Trump amid chaos that shook the bullion markets

US President Donald Trump said in a statement on Monday that gold imports would not encounter additional tariffs, the last task hikes were applied to certain golden rods and whether they threatened to strengthen the global trade of precious metal.

“There will be no golden tariff!” Trump said the truth on the social platform without further details. Last week, the US Customs officials issued a letter that should be classified as subject to tasks – one kilogram and 100 ounces (2.8 kilograms) of two standard weights.