Latest news with #RyanMcIntyre
Yahoo
08-08-2025
- Business
- Yahoo
Gold futures in New York whipsaw as tariff confusion sweeps precious metal market
Gold (GC=F) futures in New York retreated from record intra-day highs on Friday after the White House indicated it would clarify its trade position on the precious metal amid reports that imports of Swiss gold bars would not be exempt from tariffs. 'The White House intends to issue an executive order in the near future clarifying misinformation about the tariffing of gold bars and other specialty products," a White House official told Yahoo Finance. At around 2:30 p.m. ET, futures on the COMEX exchange traded near $3,461. Futures had hit an intraday high of $4,490 per ounce earlier in the session after a Financial Times report said Customs and Border Patrol classified Swiss one-kilogram and 100-ounce bars of gold as subject to 39% tariffs recently imposed on Switzerland by the Trump administration. "The move is significant because 1-kilo and 100-ounce gold bars form the backbone of much of the gold trading activity in the United States," Ryan McIntyre, senior managing partner at investment manager Sprott, told Yahoo Finance. McIntyre highlighted contracts on the Comex with physical delivery requirements are based in large part on Swiss bars, noting "the introduction of tariffs will likely inject additional uncertainty into that market." Read more: How to invest in gold in 4 steps The prospect of tariffs on gold bars had sent gold futures in New York skyrocketing as traders assessed the implications on transfers of the precious metals and how the futures market could be reshaped. UK-based Metals Daily CEO said those tariffs would amount to "pouring sand into an otherwise well functioning engine." Gold inventories in New York skyrocketed earlier this year as institutional investors shipped elevated amounts of physical bars to vaults in Manhattan ahead of tariff announcements. In late March, inventories reached their highest level since the pandemic in 2021, according to Bloomberg data. Read more: What to know before buying gold, silver, or platinum from Costco Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-08-2025
- Business
- Yahoo
Gold futures in New York whipsaw as tariff confusion sweeps precious metal market
Gold (GC=F) futures in New York retreated from record intra-day highs on Friday after the White House indicated it would clarify its trade position on the precious metal amid reports that imports of Swiss gold bars would not be exempt from tariffs. 'The White House intends to issue an executive order in the near future clarifying misinformation about the tariffing of gold bars and other specialty products," a White House official told Yahoo Finance. At around 2:30 p.m. ET, futures on the COMEX exchange traded near $3,461. Futures had hit an intraday high of $4,490 per ounce earlier in the session after a Financial Times report said Customs and Border Patrol classified Swiss one-kilogram and 100-ounce bars of gold as subject to 39% tariffs recently imposed on Switzerland by the Trump administration. "The move is significant because 1-kilo and 100-ounce gold bars form the backbone of much of the gold trading activity in the United States," Ryan McIntyre, senior managing partner at investment manager Sprott, told Yahoo Finance. McIntyre highlighted contracts on the Comex with physical delivery requirements are based in large part on Swiss bars, noting "the introduction of tariffs will likely inject additional uncertainty into that market." Read more: How to invest in gold in 4 steps The prospect of tariffs on gold bars had sent gold futures in New York skyrocketing as traders assessed the implications on transfers of the precious metals and how the futures market could be reshaped. UK-based Metals Daily CEO said those tariffs would amount to "pouring sand into an otherwise well functioning engine." Gold inventories in New York skyrocketed earlier this year as institutional investors shipped elevated amounts of physical bars to vaults in Manhattan ahead of tariff announcements. In late March, inventories reached their highest level since the pandemic in 2021, according to Bloomberg data. Read more: What to know before buying gold, silver, or platinum from Costco Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices Sign in to access your portfolio
Yahoo
08-08-2025
- Business
- Yahoo
Gold futures in New York surge as tariff confusion sweeps precious metal market
Gold (GC=F) futures in New York hit intraday record highs on Friday amid reports that imports of Swiss gold bars would not be exempt from tariffs. The precious metal hit $4,490 per ounce on the Comex exchange after the Financial Times reported one-kilogram and 100-ounce bars of gold are indeed subject to 39% reciprocal tariffs on Switzerland recently announced by the Trump administration. "The move is significant because 1-kilo and 100-ounce gold bars form the backbone of much of the gold trading activity in the United States," Ryan McIntyre, senior managing partner at investment manager Sprott, told Yahoo Finance. McIntyre said contracts on the Comex exchange in New York are based on 100-ounce bars, noting "the introduction of tariffs will likely inject additional uncertainty into that market." The clarification from Customs and Border Patrol, also reported by Bloomberg, sent gold futures in New York skyrocketing as traders assessed the implications on transfers of the precious metals and how the futures market could be reshaped. "Likely imposing 39% tariffs on Swiss kilobars is akin to pouring sand into an otherwise well functioning engine," wrote Ross Norman, CEO of UK-based Metals Daily. Traders are still weighing whether the steep tariffs on Swiss kilo-bars reflect a real policy shift or a possible misclassification error. "On a broader scale, the gold market is highly liquid and global, meaning we would expect gold flows to adjust in ways that minimize disruptions," McIntyre said. Gold inventories in New York skyrocketed earlier this year as institutional investors shipped elevated amounts of physical bars to vaults in Manhattan ahead of tariff announcements. In late March inventories reached their highest level since the pandemic in 2021, according to Bloomberg data. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-08-2025
- Business
- Yahoo
Gold futures in New York surge as tariff confusion sweeps precious metal market
Gold (GC=F) futures in New York hit intraday record highs on Friday amid reports that imports of Swiss gold bars would not be exempt from tariffs. The precious metal hit $4,490 per ounce on the Comex exchange in New York after the Financial Times reported one-kilogram and 100-ounce bars of gold are indeed subject to 39% reciprocal tariffs on Switzerland recently announced by the Trump administration. "The move is significant because 1-kilo and 100-ounce gold bars form the backbone of much of the gold trading activity in the United States," Ryan McIntyre, senior managing partner at investment manager Sprott, told Yahoo Finance. McIntyre highlighted contracts on the Comex with physical delivery requirements are based in large part by Swiss bars noting "the introduction of tariffs will likely inject additional uncertainty into that market." The clarification from Customs and Border Patrol, also reported by Bloomberg, sent gold futures in New York skyrocketing as traders assessed the implications on transfers of the precious metals and how the futures market could be reshaped. "Likely imposing 39% tariffs on Swiss kilobars is akin to pouring sand into an otherwise well functioning engine," wrote Ross Norman, CEO of UK-based Metals Daily. Traders are still weighing whether the steep tariffs on Swiss kilo-bars reflect a real policy shift or a possible misclassification error. "On a broader scale, the gold market is highly liquid and global, meaning we would expect gold flows to adjust in ways that minimize disruptions," McIntyre said. Gold inventories in New York skyrocketed earlier this year as institutional investors shipped elevated amounts of physical bars to vaults in Manhattan ahead of tariff announcements. In late March inventories reached their highest level since the pandemic in 2021, according to Bloomberg data. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices
Yahoo
08-05-2025
- Entertainment
- Yahoo
Berkshires Dine & Drink at Gateways Inn reopens for season
LENOX, Mass. (WWLP) – An iconic restaurant in the Berkshires is set to reopen for the season. Dine & Drink, located inside Gateways Inn in Lenox, is reopening on Thursday to offer seasonal entrées in an elegant ambiance for residents and those visiting the Berkshires. The restaurant is housed within the Inn, which features 12 rooms and suites, each reflecting the property's rich historical heritage. Comedian John Mulaney coming to Tanglewood this summer The reimagined menu includes American dishes by Chef Ryan McIntyre, such as grass-fed cheeseburgers, bolognese, lobster spaetzle, steak, duck, salmon, and chicken. 'I'm thrilled to join the Gateways family and bring my culinary vision to this iconic Lenox establishment,' said Chef McIntyre. 'I'm excited to create a dining experience that honors the rich agricultural heritage of the Berkshires while introducing fresh perspectives. Our seasonal menu will celebrate local ingredients and thoughtful preparation, inviting guests to rediscover what makes dining in the Berkshires so special.' The restaurant in the historic Gateways Inn is located at 51 Walker Street in Lenox. They will be open on Thursdays through Saturdays from 5 p.m. to 9 p.m. and Sundays from 5 p.m. to 8 p.m. Monday service will be added beginning June 16th. Reservations can be made by calling 413-637-1432 or using WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
