US gold futures hit a record high on Friday amid uncertainty over whether country-specific US import tariffs would apply to the most commonly traded sizes of gold bars.

Spot prices, meanwhile, eased but remained on track for a weekly gain.

Washington may place the most widely traded gold bullion bars in the United States under country-specific import tariffs, according to a ruling on the US Customs and Border Protection service’s website , which would be a major blow to global supply chains for the metal.

Washington may place the most widely traded gold bullion bars in the United States under country-specific import tariffs, which would be a major blow to global supply chains for the metal. EZPS – stock.adobe.com

December US gold futures recently rose 1.2% to $3,494.10 per ounce a

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