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Daily Dispatches
A global market based on gold bars shudders on tariff threat
Submitted by admin on Sat, 2025-08-09 10:39 Section: Daily DispatchesBy Mark Burton, Jack Ryan, and Yvonne Yue Li
Bloomberg News
via Yahoo News, Sunnyvale, California
Saturday, August 9, 2025
The global gold market relies on a network of banks, refineries and couriers that can fly bullion between key trading hubs at a moment's notice in pursuit of the highest prices. On Friday, a shock US ruling suggesting that the metal would be subject to tariffs plunged that system into chaos.
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Jan Skoyles: With revaluation research, Fed hints that gold is government's life jacket
Submitted by admin on Fri, 2025-08-08 21:37 Section: Daily Dispatches9:40p ET Friday, August 8, 2025
Dear Friend of GATA and Gold:
GoldCore analyst Jan Skoyles observed this week that something major must be going on when the Federal Reserve commissions a study about revaluing central bank gold reserves. Apparently, she says, gold revaluation isn't a fringe idea offered by people on the fringes of monetary policy but something that even the central banking establishment is taking seriously now.
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Peter C. Earle: Is Trump's 39% tariff on gold a revenue grab or prelude to revaluation?
Submitted by admin on Fri, 2025-08-08 20:41 Section: Daily DispatchesBy Peter C. Earle
American Institute for Economic Research
Great Barrington, Massachusetts
Friday, August 8, 2025
In the early hours of trading today, global markets were shaken by the announcement by the Trump administration of a 39% tariff on imported gold bars weighing 100 ounces or more. U.S. December gold futures reached an all-time high price of $3,534.10 per ounce shortly after the declaration was made.
Alasdair Macleod: Bear squeezes in precious metals
Submitted by admin on Fri, 2025-08-08 17:21 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, August 8, 2025
Lack of physical liquidity is putting a bear squeeze on gold, silver, and platinum group metal derivatives. After a bullish consolidation, gold, silver, and PGMs are set to resume rising.
White House to issue order 'clarifying' tariff on gold bars
Submitted by admin on Fri, 2025-08-08 14:21 Section: Daily DispatchesBy Aime Williams
Financial Times, London
Friday, August 8, 2025
The White House will issue an executive order "clarifying" the U.S. stance on gold bar tariffs, after a ruling that a widely-traded form of the precious metal is subject to levies sent shockwaves through the bullion market. ...
"The White House intends to issue an executive order in the near future clarifying misinformation about the tariffing of gold bars and other speciality products," a White House official said today.
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Best investment for metals and mining bull market: Joining GATA in New Orleans
Submitted by admin on Fri, 2025-08-08 13:44 Section: Daily DispatchesNew Orleans Conference Is Your Best Investment
for the Metals and Mining Bull Market
By Brien Lundin
CEO, New Orleans Investment Conference
Publisher, Gold Newsletter, Golden Opportunities, Metairie, Louisiana
Friday, August 8, 2025
This year's New Orleans Investment Conference is coming up quickly -- and the excitement over the metals and mining markets adds more urgency than usual for those hoping to attend.
GoldCore's Dave Russell: Gold tariffs are a market shock with systemic implications
Submitted by admin on Fri, 2025-08-08 12:50 Section: Daily DispatchesBy Dave Russell
GoldCore, Dublin
Friday, August 8, 2025
The Financial Times reported a development that has surprised the international gold market: U.S. Customs & Border Protection has ruled that 1-kilo and 100-ounce gold bars, the standard units for delivery on New York's Comex futures exchange, are now subject to import duties.
Tariffs may put U.S. gold futures market in doubt
Submitted by admin on Fri, 2025-08-08 08:57 Section: Daily DispatchesGold Hit By Surprise U.S. Tariffs, Unleashing New Turmoil
From Bloomberg News
via Yahoo News, Sunnyvale, California
Thursday, August 7, 2025
A U.S. move to put tariffs on imports of gold bars is unleashing fresh turmoil in the bullion market, with prices spiking in New York as dealers brace for a major reordering of global trade flows.
U.S. hits 1-kilo and 100-ounce gold bars with tariffs in blow to refining hub Switzerland
Submitted by admin on Thu, 2025-08-07 19:46 Section: Daily DispatchesBy Leslie Hook
Financial Times, London
Thursday, August 7, 2025
The United States has slapped tariffs on imports of 1-kilo gold bars, in a move that threatens to upend the global bullion market and deal a fresh blow to Switzerland, the largest refining hub.
The Customs Border Protection agency said 1-kilo and 100-ounce gold bars should be classified under a customs code subject to levies, according to a so-called ruling letter dated July 31, which was seen by the Financial Times. Ruling letters are used by the U.S. to clarify its trade policy.
China's central bank extends gold purchases to ninth straight month in July
Submitted by admin on Thu, 2025-08-07 10:11 Section: Daily DispatchesBy Xiuhao Chen, Lewis Jackson, and Ashitha Shivaprasad
Reuters
Thursday, August 7, 2025
BEIJING -- China's central bank added gold to its reserves in July, its ninth consecutive month of purchases, official data showed today.
China's gold reserves rose to 73.96 million fine troy ounces at the end of July from 73.90 million ounces at the end of June. The country's gold reserves were valued at $243.99 billion at the end of last month, up from $242.93 billion at the end of June, data from the People's Bank of China showed.
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