On the 11th (local time), U.S. President Donald Trump said, "There will be no tariff on gold." President Trump made this remark while issuing a statement via his social media (SNS) platform, Truth Social.
Recently, it was reported through the media that U.S. customs authorities classified 1 kg of gold bullion and 100 ounces (about 3.1 kg) of gold bullion as subject to tariff. In response, President Trump clarified that there will be no tariff on gold.
The Financial Times (FT) reported on the 8th that the U.S. Customs and Border Protection (CBP) classified 1 kg of gold bullion and 100 ounces of gold bullion as subject to tariff. Following this report, the price of gold in the international market soared to record highs.
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