Gold Eases After Trump Says US Won’t Tariff Bullion
- robertbelanger7
- Aug 13, 2025
- 1 min read
Updated: Sep 11, 2025
President Donald Trump said Monday that US imports of gold will not face tariffs—an announcement that quickly cooled recent market jitters sparked by confusion over potential duties. His message (“Gold will not be Tariffed!”) removed a key tail risk for bullion traders and refiners that had been bracing for higher costs. Bloomberg.com
Even with the pledge, the gold market stayed cautious into Tuesday. Spot prices held earlier losses as traders looked for formal guidance and more details on implementation, reflecting how policy headlines can whipsaw sentiment in the short term. Bloomberg.com
Bottom line: the no-tariff stance relieved immediate pressure on the physical gold trade, but the market remains laser-focused on policy clarity and the broader macro backdrop before making its next big move.
Sources:
Li, Yvonne Yue, Jack Ryan, and Sybilla Gross. “Gold Gains With Lower Dollar After Report of Jobs Report Halt.” Bloomberg, 11 Aug. 2025, https://www.bloomberg.com/news/articles/2025-08-11/gold-xauusd-holds-loss-as-traders-seek-clarity-on-trump-s-no-tariff-vow. Bloomberg.com
“Trump Says Gold Imports Will Not Face US Tariffs.” Bloomberg, 11 Aug. 2025, https://www.bloomberg.com/news/articles/2025-08-11/trump-says-gold-imports-will-not-face-us-tariffs. Bloomberg.com



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