How Trump Just Saved Global Gold Trade

WooGlobe

Global gold markets just avoided a massive shock. Days of speculation about possible U.S. tariffs on gold bullion ended when President Trump declared, “Gold will not be Tariffed!” The announcement brought instant relief to traders, especially Switzerland — a key gold refining hub that would have been hit hardest. Prices reacted fast, with U.S. gold futures and spot gold both dropping, while gold mining stocks saw mixed results. Here’s what happened and why it matters for the global gold trade. WooGlobe Ref : WGA164963 For licensing and to use this video, please email licensing@wooglobe.com

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00:00Global gold markets just dodged a major bullet.

00:03For days, rumors swirled that the U.S. might slap tariffs on gold bullion,

00:08a move that could have sent shockwaves through global supply chains.

00:11Then, on Monday, President Trump took to social media with a short but powerful message.

00:17Gold will not be tariffed.

00:19The relief was instant.

00:21Switzerland, a key refining and transit hub, breathed easier.

00:25Analysts called it an enormous reprieve,

00:27saying the disruption could have been incalculable.

00:30Markets reacted fast.

00:32U.S. gold futures dropped 2.4 percent,

00:35while spot gold fell 1.2 percent, closing the gap between the two.

00:39Still, not everyone was celebrating.

00:42Shares of major gold miners like Barrick and Newmont dipped, weighed down by earnings news.

00:47For now, though, bullion traders can relax.

00:50The golden panic is over, at least for today.

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