On Friday, the gold futures reached a record high that the United States has raised prices on 1 kg gold bar, while Spot Gold Tariff remained on the track to increase the second straight week on expectations of interest rates in the United States.
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The White House said it would explain the “wrong information” about valuable metal prices.
The White House is planning to issue an executive order in the near future that the gold bars and other special product charges are misinterpreted, “a White House Officer CN told CNBC.
The White House’s statement fell down from a high-end high of $ 3,491.30. The last trade of valuable metal was $ 3,463.30.
The Swiss Price Metals Association Earlier on Friday, warning that US rates “can have a negative impact on the international flow of physical gold.”
“We are especially concerned about the impact of the gold industry rates and the long -term and historical partners for Switzerland,” “said Christophe Wild,” said Christophe Wild. Swiss Price Metals Association??
President Donald Trump has imposed 39% on US Swiss exports and US customs and border protection has explained that 1 kg and 100 ounce gold bars. Is not excluded from the rate?? Switzerland is the world’s largest refiner.
“It is important to note that this explanation is not fully applied to Switzerland, but all 1 kg and 100 OX gold cast bars are imported from any country in the USA,” said the Swiss Price Metals Association.
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