Aug. 8 (UPI) -- The price of U.S. gold futures spiked on Friday, a day after Switzerland was hit with 39% American tariffs on its goods, including 1-kilogram gold bullion bars.
Gold on the COMEX, the world's largest market for gold futures, eclipsed $3,530 on Friday, a 52-week high.
The metal was up $8.10 or 0.23% to $3,461 as of 2 p.m. EDT.
President Donald Trump last month confirmed he would move ahead with his reciprocal tariff policy for countries that had not reached a trade deal with the United States, meaning a 39% duty on Switzerland. Those levies took effect Thursday.
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