An employee takes a kilogram of gold gold at the headquarters of the YLG Bullion International Co. In Bangkok, Thailand, on Friday, December 22, 2023.
Chaline Thisuba | Bloomberg Gety pictures
President Donald Trump said on Monday that gold will not face definitions, which is proposing a ruler by American customs officials who face the precious metal imported from Switzerland duties.
“Gold will not be targeted!” Trump said in a Social truth. Golden futures closed by 2.48 % at 3,404.70 dollars an ounce after the announcement.
The precious metal achieved a record on Friday, after that Customs protection and US border protection Gold bars eliminated a kilogram and 100 ounces from Switzerland were 39 % tariff against the country.
The ruling would have applied not only to Switzerland but to any country that exports gold bars to the United States, according to what he said Swiss precious metals association. In other words, the gold bars were subject to the prevailing American tariff rate against the country of origin.
On Friday, the Swiss Mineral Association warned that customs rule “may negatively affect the international flow of material gold.”
Trump Mutual definitions Against dozens of American commercial partners entered into force on August 7.
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