Gold hit by surprise US tariffs, unleashing market turmoil

Trump's tariffs have stunned the gold market. That's because the US Customs and Border Protection made clear that imports of 1 kilo and 100 ounce gold bars are now subject to tariffs. A major shock to the industry which is used to those bars being exempt.Gold industry executives, analysts, and traders are now all scrambling to understand what this US policy means for them, which is resulting in shipments being frozen and lots of price action. Gold futures, which are backed by those bars of gold, rose to a r ...