President Donald Trump said gold will not face tariffs, following reports that sparked a record close for US gold futures. The White House plans an executive order to address “misinformation” about duties on gold bars. Trump confirmed the exemption in a Truth Social post on Monday.
US President Donald Trump on Monday said gold will not be subject to tariffs. “Gold will not be Tariffed!,” Trump said in a Truth Social post.
Gold futures closed at a record high on Friday after reports suggested the precious metal could face duties. US Customs and Border Protection had reportedly indicated that gold bars were not excluded from Trump’s reciprocal tariffs.The White House said on Friday it would issue an executive order to clarify “misinformation” regarding tariffs on gold bars and other specialty products.
Gold futures closed at a record high on Friday after reports suggested the precious metal could face duties. US Customs and Border Protection had reportedly indicated that gold bars were not excluded from Trump’s reciprocal tariffs.The White House said on Friday it would issue an executive order to clarify “misinformation” regarding tariffs on gold bars and other specialty products.
This is a developing story. Please check back for updates.
