Trump says no tariffs on gold

11/08/2025 Argaam
Gold bars

Gold bars

US President Donald Trump denied today, Aug. 11, plans to impose tariffs on gold bullion imports, just days after reports sparked widespread concern in the precious metals market.

 

On his Truth Social account, Trump wrote: “Gold will not be subject to tariffs.”

 

Gold futures hit a record high on Aug. 8, surpassing $3,530 an ounce, following reports that the US Customs and Border Protection (CBP) was subjecting some of the most traded bullion products to tariffs.

 

The White House said that a clarification would be issued soon regarding the “misinformation” about imposing tariffs on gold bullion and other specialty products.

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