Recent changes in U.S. tariff policy have significantly impacted gold markets, creating uncertainty and price declines.
Gold Price Decline Due to Tariffs
Gold prices fell from a record $3,534.10 amid preparations for an executive order by U.S. President Donald Trump on gold tariffs. This has caused market fluctuations and jeopardized gold trading.
Swiss Refiners' Response
The Swiss Precious Metals Association and U.S. Customs are discussing the implications of the new tariffs. Christoph Wild, President of the Association, remarked, 'We are particularly concerned about the implications of the tariffs for the gold industry and the physical exchange of gold with the US.'
Market Impact during Trade Wars
Historical patterns indicate that similar events during trade wars and sanctions have led to significant volatility in both gold and cryptocurrency markets. A shift towards digital assets like BTC and ETH may occur, as such scenarios often coincide with increased investments in digital currencies.
The situation regarding gold tariffs underscores the importance of market stability and its sensitivity to changes in U.S. policy.
