Trump Says No Tariffs on Gold, Spot Gold Recovers Some Losses

According to Jinse Finance, after a U.S. federal ruling triggered turmoil and confusion in the global gold market, Trump stated on Monday, "There will be no tariffs on gold!" Following Trump's post, gold futures on the New York Mercantile Exchange showed little change, while spot gold recovered some of its losses, though it still ended the day down more than 1%. As of Monday afternoon local time, no official updated policies had been released by U.S. agencies.