Group 1 - In July, U.S. inflation indicators showed a gradual recovery, leading to a slight increase in international gold prices, with COMEX gold rising by 0.11% [1] - Gold-related ETFs experienced gains, with Huaxia Gold ETF (518850) up by 0.16% and Gold Stock ETF (159562) rising by 0.91%. Notably, Jiangxi Copper's stock surged over 5%, while Huayu Mining, Zijin Mining, and Tongling Nonferrous Metals also saw significant increases [1] - The non-ferrous metal ETF (516650) rose by 1.03%, with holdings like Bowei Alloys hitting the daily limit, and other stocks such as Huayu Mining, Huafeng Aluminum, and Huaxi Nonferrous Metals showing strong performance [1] Group 2 - Gold mining companies are reporting strong performance in their 2025 semi-annual reports, with notable growth in companies like Western Gold, Hunan Gold, Shandong Gold, and Zhongjin Gold, attributed to high gold prices [1] - Despite increasing expectations for U.S. Federal Reserve interest rate cuts, analysts from Galaxy Futures suggest that the gold market lacks sufficient upward momentum, indicating potential for further adjustments and a high-level range-bound trading pattern in the future [1] - As market consensus on long-term gold price increases solidifies, the investment logic for gold stocks is shifting from short-term production growth to a greater focus on company reserves, highlighting the value of companies with larger reserves [1]

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]

What sort of clarification might we get from the White House today. Well, that's what everyone's watching for. We're not sure.Is it going to come today or later in this week. They said on Friday that they would be issuing a executive order to address, as they said, misinformation in the gold markets. And that was basically coming after on Thursday and through Friday, we had this quite dramatic.Customs and Border Protection Agency ruling, which essentially said that 108 spires or kilo bars of gold, which are ...

Market Regulation - The London Bullion Market Association (LBMA) is seeking clarification on the recent US Customs and Border Protection ruling [1] - The ruling concerns reciprocal tariffs for gold bars [1]

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 ...

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 ...

Core Viewpoint - US gold futures reached a record high amid uncertainty regarding potential country-specific import tariffs on commonly traded gold bars, which could significantly impact global supply chains for gold [1][5]. Group 1: Market Reaction - December US gold futures increased by 1.2% to $3,494.10 per ounce after hitting a record of $3,534.10 earlier in the session [2][7]. - The spread between US gold futures and spot prices widened to $100, with spot gold dipping 0.1% to $3,394.26 per ounce but up 0.9% for the week [3]. Group 2: Implications of Tariffs - Analysts are awaiting further clarity on the potential US tariffs on gold deliveries, which could significantly affect Switzerland, the leading hub for gold refining and transit [4]. - The Swiss Precious Metals Association expressed concerns about the tariffs' implications for the gold industry and is in active discussions with stakeholders [6]. - Long-term effects of the new tariffs may benefit US refiners by transforming large 400-oz bars into retail units [6].

Let's begin with the latest out of Washington and these reports of some new tariff targets. This time gold. Aean Jabers has it. Morning Aean.>> Yeah, good morning to you Carl. Multiple media organizations reporting now this morning that uh widely traded gold bullion bars in the United States may now be subject to country specific import tariffs. That's according to a ruling on the US Customs and Border Protection Services website out today.Now that clarifies some confusion around what tariffs would be impos ...

Group 1 - The article discusses the current trends and developments in the cryptocurrency market, highlighting the increasing interest from institutional investors [3] - It emphasizes the volatility of cryptocurrency prices and the impact of regulatory changes on market dynamics [3] - The report notes that Bitcoin remains a dominant player in the market, with significant trading volumes and market capitalization [3] Group 2 - The article provides insights into the technological advancements in blockchain and their potential applications across various industries [3] - It mentions the growing number of cryptocurrency exchanges and the competition among them to attract users [3] - The piece also touches on the environmental concerns related to cryptocurrency mining and the industry's efforts to address these issues [3]

Tariffs remain high up the agenda in the Trump administration following the Swiss president's failure to reduce tariffs on her country after a visit to Washington earlier this week. The Financial Times is reporting that the US has imposed tariffs on imports of one kilo gold bars, dealing a further blow to Switzerland, which is the biggest player in gold refining. For more, I'm joined by Bloomberg's Brendan Murray, who tracks global trade for the US.And Brendan, we have a fantastic question from a viewer on ...