Trump Rules Out Tariffs on Imported Gold Bars, Eases Market Fears

President Donald Trump announced that gold imports, specifically gold bars, will be exempt from recent tariffs, alleviating fears that had driven gold prices to record highs. This clarification came after a US Customs and Border Protection ruling suggested that certain gold bars could face tariffs, causing major disruptions including halted shipments from Swiss refiners concerned about a 39% levy. Trump's decision is seen as a strategic move recognizing gold's unique role as a safe haven asset and financial stabilizer amid ongoing geopolitical tensions and trade conflicts. The exemption helped stabilize the gold market, with gold-related assets and central bank reserves surging, reflecting a shift towards safe-haven investments. Despite the tariff exemption, broader trade uncertainties remain, including a looming US-China trade deadline and upcoming economic data releases, while Trump prepares for a meeting with Russian President Vladimir Putin. Industry leaders and market watchers welcomed the move, noting that although the tariffs would have minimally impacted miners, they could have severely disrupted global bullion trade flows.