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US to clarify gold tariff ‘misinformation’ as futures hit record

News RoomBy News RoomAugust 9, 20253 Mins Read
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The US’ Response to U.S. Tariffs on Gold and its Impact on the Global Gold Market

On August 9, 2025, the price of gold on the U.S. futures market reached a three-day high, as concerns about U.S. tariffs being lifted in the near term surged. However, political tensions and economic uncertainty began to surface, with U.S. Customs and Border Protection (CBP) issued a formal letter on July 31 announcements to clarify the impact of the tariffs on gold bars. The mudança, widely reported by the Financial Times, sought to address swirling speculation about the implications of President Donald Trump’s latest tariff hike targeting certain gold reserves.

U.S. Customs authorities, according to the letter, class gold bars weighing one kilogram or 100 ounces (equivalent to 2.8 kilograms) as targets of tariffs, potentially sidestepping the Bilateral Free Trade Agreement (BFTA) measures. This could disrupt global trade in gold, particularly as the tariffs apply to various specialty products. Following the publication of the letter, White House officials who were previously involved in the situation hinted at a plan to issue an executive order addressing the misinformation related to these tariffs in the near future.

Despite the angeles, the impact of these tariffs on the U.S. gold market is still significant. The December gold futures contract on the Comex exchange reached a record high at $3,534.10 an ounce on August 9, breaking through earlier levels, according to data published by financial news outlet AFP. As of July 27, the price of December gold was reported at $3,461.40 an ounce, hovering in a line with expectations of a strong dollar and an upward bias in SRC ( silver refining centers). The price of gold has become a key shoe in global trade, as it remains the most reliable portfolio asset for guards against inflation.

The U.S. Drafts theNew Level of Trade Mostly in the context of Franklin Park, where U.S. banks provide futures and options protection for agents sourcing silver. However, this raises concerns of excess demand, as many European countries have linked their credit default swap (CDS) spreads to gold prices. Additionally, concerns about.swift industry trade practices – a series of duties imposed in U.S. since Thursday – have drawn attention to issues left undocketed. These duties, applied to Switzerland, including a 39% duty on goods exported from their borders, have sparked criticism for being deemed unfair by Washington and the U.S. authorities.

The implications of the U.S.’s tariffs on gold have further reflected geopolitical tensions. In a meeting held in the White House Skills Room on August 4, a former Administration official expressed skepticism about the practicality of clearing the tariffs against the rest of the U.S. market for certain gold products. Questions remain about whether this could disrupt the global trade system, particularly in regions relying heavily on gold for their exports.

Overall, the U.S.’s response to the tariffs on gold reflects a broader shift in global trade dynamics. While the claims remain highly speculative, the persistently unfavorable balance of trade under U.S. tariffs hasDSG implications for global markets and international relations. As the U.S. continues to navigate these challenges, investors will need to weigh the urgency of holding gold and sought opportunities to participate in the global gold market.

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