President Trump says gold will not be tariffed

Market Impact - The president's statement clarified confusion regarding potential tariffs on gold bars, particularly those coming from Switzerland [2] - The initial confusion stemmed from Customs and Border Protection documents that suggested gold bars might be tariffed [2] - The market was surprised because gold bars are traditionally considered currency and not subject to export tariffs [3] Policy & Regulation - The president stated that "gold will not be tariffed" [2][5] - An executive order is expected to clarify the point that gold will not be tariffed [4] - The White House plans to instruct Customs and Border Protection to reverse the decree indicating potential tariffs on gold [5]