POTENTIAL U.S. TARIFF ON GOLD BARS COULD DISRUPT GLOBAL BULLION MARKET
U.S. tariffs on one-kilo gold bars could shake the global bullion market, warns Commerzbank analyst Carsten Fritsch. The Financial Times reports that U.S. Customs ruled gold bars of one kilogram and 100 ounces fall under a tariff code. If correct, Swiss imports of these bars to the U.S. would face a 39% levy. Gold futures rose 0.6% to $3,475.40 a troy ounce in European afternoon trade, after peaking at $3,534.20 earlier.The copyright of this article belongs to the original author/organization.
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