Group 1 - President Trump announced that gold will not be subject to tariffs, leading to a more than 2% drop in gold futures prices on the New York Commodity Exchange [1] - Market speculation about potential tariffs on imported gold bars, specifically 1 kilogram and 100 ounces, had previously driven gold futures prices to a historic high [3] - An executive order signed by Trump imposed a 39% tariff on products imported from Switzerland, which is significant due to Switzerland's large gold reserves that play a crucial role in international gold futures market delivery [3]

Core Viewpoint - President Trump announced that gold will not be subject to tariffs, which led to a significant drop in gold futures prices by over 2% on the same day [1]. Group 1: Market Impact - The announcement caused a decline in gold futures prices, which had previously surged due to market speculation about potential tariffs on imported gold bars [1]. - Concerns regarding the impact of tariffs on gold futures delivery contributed to the recent price increase, which reached a historical high [1]. Group 2: Tariff Details - Starting from August 7, the U.S. imposed a 39% tariff on products imported from Switzerland, a country known for its substantial gold reserves [1]. - Switzerland's gold reserves play a crucial role in ensuring the delivery of international gold futures contracts [1].