Whether 145% or 10%, tariff uncertainty is enough to stop U.S. gold and silver imports, distort the metals market at all levels – Experts
(Kitco News) – Gold prices have pulled back since the United States and China announced the lowering of trade tariffs for 90 days amid ongoing negotiations. But whether tariffs today are 145%, 30%, or 10%, the uncertainty gripping U.S. trade continues to make meaningful importing activities impossible. And despite early indications that precious metals would be exempt from Trump’s tariffs, trade activity in the sector is far from normal.
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Gold continues to hold its own as markets continue to digest improving US-Chinese trade relations(Kitco News) - The gold market may be struggling to attract bullish momentum as it remains well below last month’s all-time high of $3,500 an ounce; however, investors are still reluctant to short the precious metal as it continues to hold support at $3,200 an ounce.
