Gold Futures rose to a record high Friday after US President Donald Trump imposed tariffs on imported gold rods, a rare trait that triggers both buying and fresh concerns about supply disorders in a market that is not used to such trade measures.
The most actively traded American gold futures contract rose as high as $ 3,534 per day. Troy ounces, after US customs and border protection confirmed that EN-KG and 100 ounces of bars would be exposed to mutual tariffs.
Tariffs make imported gold more expensive for American buyers. This cost press typically pushes futures prices higher than spot prices and creates arbitrage options for dealers. The setup can fuel for speculative purchases, but it also sends a geopolitical signal gold has historically been considered out of trade war crisp, more related to a currency than a competitive product.
The move is remarkable because most American gold imports come from Switzerland, who received one of the highest tariffs under politics. A sudden increase in the cost of this supply may increase the risk of a short clamp if the deliveries are slow.
“Trump’s customs duties of 100 ounces and 1-kilo gold bars could cause destruction on Comex,” Bitcoin critic and gold lawyer Peter Schiff said in a post of X. “Prices could rise as shorts rush to cover to avoid having to pay 39% tariffs to import bars from Switzerland, prizes. ”
The rally comes at a time when interest rates are heading down the West and global merchant tensions are already high, factors that tend to strengthen Gold’s appeal as a store with value under financial uncertainty.
Historically, strong golds have often fallen along with winnings in Bitcoin, which some dealers consider an alternative “safe” active “. Tokenized gold products such as Pax Gold
And Tether Gold was both modestly higher over the last 24 hours, while Bitcoin slid about 1%.
Gold tariffs could also make the case for Bitcoin, which is not subject to customs and sometimes described as “digital gold.” While the metal remains the dominant SAFE-HAVEN-ACTIVE, the latest price increase shows how political changes can push investors to reassess their options.
