Trump's tariffs have stunned the gold market. That's because the US Customs and Border Protection made clear that imports of one 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 ...

Welcome back. Gold prices hitting all-time highs this morning amid reports that the Trump administration plans to put tariffs on gold bars. Our next guest is a major player in the mining space and joins us on the back of Q2 earnings reporting a beat on the top and bottom lines and reaffirming guidance into year end.Joining us now, Wheaten Precious Metals CEO Randy Smallwood. The stock also hitting record levels today. Uh Randy, can you just explain to us how your company is impacted by the surprise news abo ...

The idea is that a lot of traders here in the US thought that these tariffs on Swiss goods wouldn't be applied to gold because you need to trade uh 400 ounce bars for central banks, 100 ounce bars for uh the comx and kilo bars in Asia. Um apparently there are going to be tariffs on those uh gold bars. >> Exactly.That's what they thought. um they had plans uh and then they got a letter. I have the letter here.So basically maybe just one step back, Switzerland has a big trading surplus with the United States. ...