President Trump clarified that gold imports will not face U.S. tariffs after a federal ruling caused disruptions in global bullion markets. The initial confusion led to a record high in U.S. gold futures and disrupted shipments. While the announcement helped stabilize the market, spot gold remained down over 1.2% for the day. No formal updated policy has been released by U.S. agencies yet. The CBP ruling had initially suggested tariffs on specific gold bars, causing a temporary halt in physical bullion flows into the U.S. This is a developing story that may be updated with more details.

Read more at Quiver Quantitative: Trump Confirms Gold Imports Exempt from U.S. Tariffs