Share Save for later Please log in to bookmark this story. Log In Create Free Account

U.S. President Donald Trump on Monday said he would not impose tariffs on gold, a move welcomed by global bullion markets and which ended days of speculation that the yellow metal could be caught up in the ongoing global trade spat.

“Gold will not be Tariffed!” Trump said in a statement posted on his social media account. He gave no details.

The U.S. Customs and Border Protection had posted a ruling on its website on Friday saying that Washington might place the most widely traded gold bullion bars in the United States under country-specific import tariffs, which would have rocked the metal’s global supply chains.

In response, a White House official told Reuters on Friday that t

See Full Page