Trump Announces No Tariffs on Gold Bars Boosting Market Relief

Late August 2025 brought significant volatility to gold markets as the U.S. government clarified its tariff stance on bullion imports. President Donald Trump, in a move that reshaped market expectations, announced that gold imports—specifically 1-kilogram and 100-ounce gold bars—would not be subject to the country-based tariffs that had gone into effect on August 7 [1]. The decision provided immediate relief to traders and investors who had been bracing for a potential spike in costs following months of uncertainty [2].

The announcement followed earlier speculation and market turbulence, particularly during the first half of August. On August 9, the White House indicated that an executive order was forthcoming to address misinformation surrounding the tariff rules, prompting a sharp drop in gold miners’ shares as the market awaited clarity [3]. Gold prices had previously reached a record high of $3,530 per ounce amid fears of higher tariffs, only to fall to $3,463 after the tariff clarification [4].

Meanwhile, U.S. gold futures hit an all-time high earlier in the week, reflecting the uncertainty that had persisted before the official clarification [5]. Analysts noted that the market was broadly awaiting further details, highlighting the importance of regulatory clarity in maintaining stability in the precious metals sector [6]. The broader implications of Trump’s tariff strategy have extended beyond gold, with earlier announcements targeting Russian oil buyers and Canadian imports generating ripple effects across global energy and trade markets [7].

Trump’s approach to tariffs has been part of a broader effort to reshape the U.S.’s role in the global economic order, a strategy that has sparked both support and concern among trading partners. The White House has justified the measures as necessary to protect domestic industries, but the impact on international trade flows and market confidence remains a topic of debate [8].

The gold market’s reaction underscores the sensitivity of global commodities to U.S. policy shifts. As traders continue to monitor developments, the long-term effects of Trump’s tariffs on bullion markets remain to be seen. The administration’s next steps, particularly any additional executive actions related to import regulations, will likely shape the direction of gold prices in the coming months [9].

Source:

[1] https://www.swissinfo.ch/eng/trump-says-gold-imports-wont-be-tariffed-in-reprieve-for-market/89817487

[2] https://www.msn.com/en-us/money/markets/gold-price-sees-quick-change-after-white-house-tariff-update/ar-AA1KbyW9

[3] https://www.capitalbrief.com/briefing/gold-miners-slide-pending-us-clarification-on-bullion-tariff-position-875de2e3-cc10-4d9c-a429-6f831368ca99/

[4] https://www.mitrade.com/au/insights/news/live-news/article-3-1025699-20250809

[5] https://www.msn.com/en-us/money/markets/us-gold-futures-hit-all-time-high-on-tariff-uncertainty-over-bullion-imports/ar-AA1KanBw

[6] https://www.mitrade.com/au/insights/news/live-news/article-2-1028765-20250811

[7] https://www.fxempire.com/forecasts/article/trump-trade-war-tariffs-on-russian-oil-buyers-shake-energy-markets-and-oil-prices-1540277

[8] https://www.bloomberg.com/news/articles/2025-08-11/dollar-faces-competition-as-trump-redefines-trade-order

[9] https://finance.yahoo.com/news/live/trump-tariffs-live-updates-us-china-deadline-looming-court-ruling-on-trumps-authority-in-focus-200619980.html