Reported 1 day ago
The global gold market is shaken after a US Customs and Border Protection ruling proposed tariffs on gold bars, causing chaotic fluctuations in gold futures prices. Initially, prices surged, but they quickly tumbled following clarification that imports might not face tariffs. The uncertainty has prompted concerns over the viability of gold shipments and significant market disruptions, particularly affecting exchanges in New York and London, with fears of broader consequences for the gold trade as producers and refineries adjust to the tumultuous environment.
Source: YAHOO