Gold hit a new all-time high, weighed by uncertainty over US tariffs on Swiss bullion.
Gabriel Dumitrache
International
Foto: Unsplash
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On Friday, gold hit an all-time high of 3,534.10 dollars an ounce on the futures market amid fears over new 39% tariffs imposed by the US on Swiss gold bullion. A letter from the US Customs Agency has sparked panic in the market, indicating that some bullion is no longer eligible for tax exemptions. Analysts warn that these tariffs could affect gold imports and generate significant extra costs. Investors remain optimistic, betting on a rise in the gold price, but expect increased volatility.
Sources
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