The United States has imposed import tariffs on gold bars from Switzerland, the Financial Times reported late Thursday afternoon.
According to a letter from Customs Border Protection dated July 31st, 1 kilogram and 100 ounce gold bars will be classified under a U.S. customs code which subjects them to costly tariffs, with Switzerland's recently announced 39% tariff rate among the highest the Trump administration has imposed.
Spot gold broke through resistance at $3,400 shortly after 4:00 p.m. EDT, and set a session high of $3,409.43 just before 7:00 p.m. EDT. At the time of writing, spot gold was trading at $3,389.32 for a slight loss of 0.22% early in the session.
THIS is SENSATIONAL.
