After the Trump administration signaled a new executive order could be forthcoming that would clarify the United States' stance on whether gold imports should face tariffs, the president himself took the issue into his own hands with an announcement Monday that gold 'will not be Tariffed."

Trump's announcement follows a ruling by the U.S. Customs and Border Patrol's website, which said gold would be subject to reciprocal tariffs after a Switzerland-based precious metals broker asked for clarification on the matter. The ruling said that a 39% rate would be imposed on one kilogram and 100-ounce gold bars imported from Switzerland.

Reports that the Trump administration would be placing tariffs on U.S. gold imports were slammed as "misinformation" by the White House, which reiterated Mon

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