StockNews.AI
AAAU
New York Post
8 days

Trump assures gold bars will not face tariffs after US customs ruling rocked markets: ‘Crisis averted'

1. Trump announces gold bars will not face tariffs, boosting bullion markets. 2. US spot gold decreased by 1.2% post-announcement amid temporary panic. 3. Analysts note tariffs would disrupt gold supply and raise prices. 4. Gold had previously surged over $3,000 this year amid tariff fears. 5. Barrick Mining and Newmont's shares fell following the tariff-related news.

4m saved
Insight
Article

FAQ

Why Bullish?

The announcement alleviates tariff-related fears, stabilizing gold prices in the medium term. Past instances show tariff announcements can lead to price fluctuations, but clarity helps underpin market confidence.

How important is it?

This news significantly reduces uncertainty around gold tariffs, directly affecting gold prices and related investments.

Why Short Term?

Immediate effects are anticipated as investors react to the news. However, long-term impacts hinge on ongoing geopolitical and economic factors.

Related Companies

Related News