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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