Trump says gold will not be raised

On Friday, December 22, at Ylg Bullion Co. YLG Bullion Co. YLG Bullion Co. YLG Bullion International Co. In Bangkok, Thailand.

Chaline Takeupa | Bloomberg | Gets the image

President Donald Trump said on Monday that gold would not face tariffs, beating a resolution of US customs officials that precious metal bars imported from Switzerland will face duties.

“Gold will not be raised!” Trump said in a social position. Gold futures closed 2.48% lower at $ 3.404.70 per ounce after the announcement.

The precious metal reached a record high Friday, after the US Customs and Border Protection decided that 1 kilogram and 100 ounces of gold bars from Switzerland were subjected to 39%, which Trump imposed in the country.

The Swiss precious metal Association warned on Friday that the US Customs Service resolution would apply to “all 1 kg and 100 ounces of gold bars imported in the United States from any country.”

This is conducting the news. Please update updates.

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