Latest news with #US3534.10
AU Financial Review
19 hours ago
- Business
- AU Financial Review
‘Havoc' in gold market leaves traders on edge
The gold markets are on edge with trade between Switzerland and the United States likely to remain frozen until the Trump administration issues a new policy that clarifies whether imports of gold bars will be hit with tariffs. Prices for the precious metal surged in New York trading to as much as $US3534.10 an ounce on Friday (Saturday AEST) after a US government agency stunned the market by ruling that 100-ounce and one-kilogram bullion bars would be subject to duties.
AU Financial Review
3 days ago
- Business
- AU Financial Review
Gold hit by surprise US tariffs, unleashing new turmoil
A Trump administration ruling that gold bars will be subject to tariffs stunned traders who had assumed they would be exempted, throwing bullion markets into turmoil. Futures in New York, which are backed by bars shipped from Switzerland and other key trading and refining hubs, surged to a record. At 12.12pm on Friday in New York (2.12am AEST on Saturday), spot gold was flat at $US3395.35 an ounce after spiking as high as $US3534.10. Bloomberg
