Gold prices rise on reports that gold bars from Switzerland will be impacted by tariffs.

This has been a quite a bit of a shock for the gold market because the bullion market thought it was totally exempt from tariffs. But what this letter that the FT and Bloomberg h have talked about that was sent to Customs and Border Patrol is basically clarifying that 1 kilogram and 100 ounce gold bars from Switzerland will be tariffed. Those bars are what are the deliverable bars on futures that are traded in New York.That's why overnight you saw the comx gold futures uh just skyrocket. And now this really ...