Swiss Precious Metals Association Raises Alarm Over 39% U.S. Gold Tariffs
The Swiss Precious Metals Association (ASFCMP) has responded to the U.S. imposing a 39% tariff on gold imports and clarifying that 1kg and 100oz gold bars are not exempt from these tariffs. The U.S. Customs and Border Protection classified these Comex-deliverable gold bars under a code that is subject to…
Why Physical Gold Beats ETFs and Digital Gold in 2025
In 2025, investors seeking real safety should own physical gold—not just paper gold. Discover why bullion coins and bars outperform gold ETFs and digital gold for true wealth protection.
Gold Extends 30% Year-to-Date Gain as Economic Uncertainty Grips Markets
Gold prices have surged back near record highs, reaching $3,418.14 per troy ounce on Thursday, just shy of the all-time high of $3,448.50 set in June. The precious metal has gained over 3% since hitting a one-month low last week, driven by weaker-than-expected U.S. employment data that showed employers hired…
Trump Administration’s Surprise Gold Bar Tariffs Send Shockwaves Through Bullion Markets
The US has unexpectedly imposed tariffs on gold bar imports, causing major disruption in the global gold market. The US Customs and Border Protection clarified that one-kilogram and 100-ounce gold bars are subject to President Trump’s reciprocal tariffs, contrary to what the industry initially believed. This has caused gold futures…
$100+ Premium Emerges Between New York and London Gold Markets on Tariff News
Gold futures in New York surged to an all-time high of $3,534.10 per ounce after reports that the US will impose tariffs on one-kilogram gold bar imports. The December futures contract jumped to a premium of over $125 per ounce above London spot prices before settling around $101. According to…
U.S. Tariffs Target Swiss Gold Bars, Shaking Up Global Supply
In a surprise move, the U.S. is slapping tariffs on Swiss gold bars, as reported by the Financial Times. This development not only strains trade relations but also has implications for the precious metals market. With Switzerland being a global refining hub, the added cost could ripple through prices and…
For The First Time Since COVID Crash, Credit-Card Debt Shrinks For Second Month
For The First Time Since COVID Crash, Credit-Card Debt Shrinks For Second Month On the surface, there were no major surprises in today’s consumer credit report: after last month’s $5.1 billion increase, consensus expected a sequential increase of $7.5 billion and it got almost exactly that: an increase of $7.37 billion to $3.758 trillion, up […]
Trump Appoints Stephen Miran As Fed Governor, Replacing Kugler: Dollar Dumps, Gold And Crypto Surge
Trump Appoints Stephen Miran As Fed Governor, Replacing Kugler: Dollar Dumps, Gold And Crypto Surge Update: Trump just confirmed that Miran will serve on the Board until Jan 31, 2026, as replacement for outgoing governor Kugler. * * * The dollar dumped, and gold and crypto jumped on a bloomberg report that Trump is preparing […]
China Keeps Buying: PBOC Adds Gold for 9th Straight Month
China’s central bank increased its gold reserves for the ninth month in a row in July, bringing holdings to nearly 74 million ounces—valued at almost $244 billion. This consistent buying trend by one of the world’s largest central banks underscores a long-term strategic shift toward gold. The move reinforces gold’s…
Investors Turn to Gold Amid Trade Friction and Weak Jobs Data
Gold climbed to its highest level in over two weeks as trade tensions and expectations of interest rate cuts boosted safe-haven demand. President Trump’s new tariffs took effect, sparking global trade friction, while U.S. jobless claims rose to a one-month high—fueling speculation that the Federal Reserve will cut rates soon….