Bitcoin News Today: Trump Assures No Gold Tariffs, Stabilizing Volatile Markets

The decision by U.S. President Donald Trump on July 26, 2025, to declare that gold imports would not face U.S. tariffs sent ripples through both traditional and digital asset markets. The initial uncertainty had caused a sharp divergence between New York gold futures and London spot prices, with COMEX futures surging over $100 an ounce above the London benchmark. This volatility stemmed from a federal ruling by U.S. Customs and Border Protection suggesting gold could be subject to tariffs, sparking confusion and logistical concerns in the global bullion market [4].

Trump’s intervention helped stabilize the market, though the short-term effects were marked by continued volatility as traders awaited full clarity. The potential 39% tariff rate would have made gold significantly more expensive, shifting demand toward alternatives like Bitcoin for certain investors. However, once Trump reaffirmed the no-tariff stance, Bitcoin’s brief rebound faded as market confidence in gold returned [5].

Gold’s appeal as a safe-haven asset remains strong, with global demand reaching 4,000 tons in the year to date, according to the World Gold Council. Analysts from Altcoin noted that lower costs for buying and trading gold could pull some demand away from Bitcoin in the short term, testing the cryptocurrency’s role as an alternative store of value [3].

The relationship between gold and Bitcoin is not strictly adversarial. During past periods of economic uncertainty, such as the March 2020 market shock, both assets have seen significant price surges. Gold climbed from around $1,500 to over $2,000 per ounce, while Bitcoin rose from $5,000 to over $10,000 in the same period. This suggests that if Trump’s policy boosts overall safe-haven sentiment, Bitcoin could still benefit alongside gold [1].

Federal Reserve Chair Jerome Powell’s characterization of Bitcoin as “digital gold” further underscores the cryptocurrency’s role in protecting wealth from inflation and economic uncertainty. This high-level recognition aligns with the views of many crypto supporters and positions Bitcoin as a modern counterpart to the world’s oldest store of value.

Gold prices had already risen over a quarter in 2025, supported by geopolitical tensions and strong central bank purchases. The U.S. dollar, meanwhile, held gains ahead of an inflation report that could signal the Federal Reserve’s next steps. A stronger dollar tends to weigh on gold, which is priced in the currency. Broader trade considerations, including Trump’s extension of a tariff truce on Chinese goods, also helped ease concerns about a renewed trade conflict [2].

While the no-tariff announcement brought some relief, the episode highlighted the sensitivity of the gold market to policy changes. The swift shift in expectations—first driven by a federal ruling, then by Trump’s intervention—demonstrated how quickly global bullion markets can react to political developments. For now, investors are closely monitoring for further clarity on the administration’s stance, as well as broader macroeconomic signals that could influence both gold and digital assets [6].

Source:

[1] title1.............................(https://www.bloomberg.com/news/articles/2025-08-11/gold-xauusd-holds-loss-as-traders-seek-clarity-on-trump-s-no-tariff-vow)

[2] title2.............................(https://finance.yahoo.com/news/gold-holds-loss-traders-seek-071716954.html)

[3] title3.............................(https://www.altcoinbuzz.io/cryptocurrency-news/no-tariffs-on-gold-a-win-or-loss-for-bitcoin/)

[4] title4.............................(https://www.bloomberg.com/news/articles/2025-08-11/trump-says-gold-imports-will-not-face-us-tariffs)

[5] title5.............................(https://seekingalpha.com/article/4812502-tariff-threat-makes-gold-market-go-haywire)

[6] title6.............................(https://www.securities.io/trump-gold-tariffs-bitcoin-advantage/)