Trump: Will Not Impose Tariffs on Gold

BlockBeats News, August 12th, after a U.S. federal ruling triggered chaos and turmoil in the global gold market, President Trump stated on Monday that he "will not impose tariffs on gold!" Following Trump's post, gold futures on the New York Mercantile Exchange remained almost unchanged, spot gold regained some lost ground, but still closed down more than 1% on the day. As of Monday afternoon local time, no official new policy had yet been announced by U.S. institutions. (FXStreet)