US spot gold – the global benchmark – fell 1.2% to $3,357 an ounce following Trump’s comment, while gold futures dropped 2.4% to $3,407 after soaring to a record-high above $3,500 last week. While a US gold tariff would have been especially harmful for Switzerland, which is a major refining hub for the precious metal, it would have applied to any country exporting gold bars to the US, according to the Swiss Precious Metal Association. Explore Top Gold IRAs American Hartford Gold American Hartford Gold is a precious metals dealer that specializes in gold and silver for physical delivery and retirement accounts.
Author: Taylor Herzlich
Published at: 2025-08-11 20:55:47
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