A ruling by U.S. Customs and Border Protection that gold bars from Switzerland were subject to tariffs surprised the market.

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.

A ruling by U.S. Customs and Border Protection that gold bars from Switzerland were subject to tariffs surprised the market.

Ein Zeitungsbericht über angebliche US-Zölle auf Goldimporte trieb den Preis des Edelmetalls hoch. Nun stellt der US-Präsident den Sachverhalt klar.

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

President Donald Trump said Monday in a Truth Social post that there will be no tariffs on gold after last week's wild gold market and Homeland Security ruling.

Metal traders say crisis averted after US president clarifies on social media that gold bars are duty-free

U.S. President Donald Trump confirmed on Monday that gold "will not be tariffed."