New levies mark fresh blow for leading bullion exporter Switzerland
Imposition of 39% export rate described as ‘another blow’ to Switzerland’s world leading refining industry
The price of U.S. gold futures spiked Friday, a day after Switzerland was hit with 39% American tariffs on its goods, including 1-kilogram gold bullion bars.
One analyst said the Trump administration tacking on new tariffs was “precisely what the market feared.”