This 39% tariff just sent gold to $3,534 - here's what traders are doing

Switzerland just got slapped with a 39% tariff on their gold bars, and apparently Uncle Sam doesn't mess around when it comes to shiny metal diplomacy. The result? Gold futures for December delivery shot up to an eye-watering $3,534.10 per ounce on the Comex - a record that has traders everywhere frantically recalculating their portfolios.

Let's put this in perspective: Switzerland exports about $61.5 billion worth of gold to the U.S. annually. That's roughly equivalent to the GDP of Luxembourg, except it's all in bars you could theoretically hide under your mattress (though we don't recommen...