Gold futures hit $3,534 as 39% tariffs shock traders - what experts say next
Key Points
- Gold prices soared to $3,534.10 per ounce due to a surprise ...
Gold just hit $3,534.10 per ounce on August 9th, and if you're wondering why your shiny metal investment suddenly looks shinier, blame Uncle Sam's surprise 39% tariff on Swiss gold bars. Because apparently, nothing says "free market" like slapping massive fees on kilobars and 100-ounce bars without warning.
When Switzerland Becomes Switzerland-Not-So-Cheap
The Financial Times broke the news that sent traders scrambling faster than Black Friday shoppers: the U.S. government decided to tax Swiss gold imports like they were luxury handbags. The result? Panic buying that pushed futures past ...
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