Market Impact - The president's statement clarifies confusion regarding potential tariffs on gold, which arose from Customs and Border Protection documents [2][4] - The market expected gold bars to be exempt from tariffs due to their traditional classification as currency [2][3] - Following the announcement, gold prices decreased by approximately 25%, remaining around 3400 USD [5] Policy & Regulation - The president announced that gold will not be tariffed, addressing concerns in the Swiss gold market and among precious metal traders [2] - An executive order is expected to further clarify the policy, potentially instructing Customs and Border Protection to reverse the indication of possible gold tariffs [3][4] - The White House acknowledged misinformation in the media regarding the potential tariffs, without specifying the inaccuracies [4]