Core Viewpoint - The global gold market experienced significant volatility due to uncertainty surrounding tariff policies, but a statement from President Trump alleviated some concerns by confirming that gold would not be subject to tariffs [1][3]. Price Movements - On Monday, December gold futures fell by 2.5%, closing at $3,404.70 per ounce, marking the largest single-day percentage drop since May 12 [3]. - Spot gold decreased by 1.61%, settling at $3,342.88 per ounce, with an intraday low of $3,341.36 [3]. - COMEX gold futures hit a low of $3,397.30 during the day, while the Philadelphia Gold and Silver Index fell by 0.45% to 229.26 points [3]. Tariff Impact - The U.S. Customs and Border Protection's unexpected ruling to classify gold bars under tariff codes, including a 39% tariff on Swiss exports, caught traders off guard and led to a spike in gold prices above $3,500 per ounce [3]. - The ruling raised concerns about the normal functioning of global gold bar trade and U.S. futures contracts [3]. Market Trends - Gold prices have risen approximately 30% this year, driven by uncertainties in U.S. economic policy and increased gold purchases by central banks [3]. - Following the tariff news, gold futures reached record highs before a subsequent price drop after the White House indicated that gold would be exempt from tariffs [3]. Geopolitical Factors - Analysts suggest that expectations of a potential consensus on the Russia-Ukraine conflict could also exert downward pressure on gold prices [4]. - The settlement price on Monday was the lowest since August 1, with a daily low of $3,399.80 per ounce [4]. Future Outlook - The White House plans to release a new policy document confirming the exemption of gold and other special items from tariffs [4]. - Despite the short-term alleviation of tariff risks, ongoing central bank purchases, fluctuating safe-haven demand, and geopolitical factors may keep gold prices in a high volatility range [4].
特朗普宣布黄金进口免征关税 金价创近三个月来最大单日跌幅
Zhi Tong Cai Jing·2025-08-11 22:27