Move follows surge in precious metal’s price after FT revealed US levy on imports

Unexpected levy from Trump administration could redraw trade in the metal, analysts and investors warn

US probe into semiconductor sector could leave a patchwork of agreements with individual companies and countries

Gold prices fell from a record high Friday after the White House said it will clarify "misinformation" about the precious metal facing tariffs.

Move follows surge in precious metal’s price after FT revealed US levy on imports

Some politicians call on sector to pay for ‘damage’ caused by failed trade talks

US customs authorities had made public a letter saying that gold bars at 2 standard weights should be classified as subject to duties.