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Gold

Trump Administration’s Surprise Gold Bar Tariffs Send Shockwaves Through Bullion Markets

The Quiet Bank Run in Gold
The Quiet Bank Run in Gold

The US has unexpectedly imposed tariffs on gold bar imports, causing major disruption in the global gold market.

The US Customs and Border Protection clarified that one-kilogram and 100-ounce gold bars are subject to President Trump’s reciprocal tariffs, contrary to what the industry initially believed.

This has caused gold futures in New York to surge to record highs, while creating significant price gaps between US and international markets.

Major gold refineries in Asia are pausing US shipments, and the ruling threatens to disrupt global gold trade flows from key hubs like Switzerland, Hong Kong, and London.

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