Shock Import Tariff Roils Gold Market
Bloomberg Televisionยท2025-08-08 13:52
The idea is that a lot of traders here in the US thought that these tariffs on Swiss goods wouldn't be applied to gold because you need to trade uh 400 ounce bars for central banks, 100 ounce bars for uh the comx and kilo bars in Asia. Um apparently there are going to be tariffs on those uh gold bars. >> Exactly.That's what they thought. um they had plans uh and then they got a letter. I have the letter here.So basically maybe just one step back, Switzerland has a big trading surplus with the United States. ...