Gold Sinks $100, Silver -7% as Trump Exempts ‘Bullion’ from US Trade Tariffs – BullionVault
In an unprecedented move by former President Donald Trump, ‘Bullion’ precious metals are now exempt from U.S. trade tariffs. This decision prompted a notable drop in the value of gold by $100 and a 7% slump in silver prices.
Interest in precious metals as safe havens has been shaken, with investors being left to question what implications this could have for the future market. We see there’s uncertainty as market participants reposition their portfolios following the trade exemption.
Despite the fall in prices, some market analysts predict a potential upswing in the future with the tariff exemption serving to increase the demand for American precious metals, specifically. This exemption might prove a beneficial financial instrument for gold and silver miners, as it decreases the cost of production.
The gold and silver market’s journey in light of these exemptions will undoubtedly keep investors and analysts on their toes for coming times. Read More
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