In a surprise move, the U.S. is slapping tariffs on Swiss gold bars, as reported by the Financial Times.
This development not only strains trade relations but also has implications for the precious metals market.
With Switzerland being a global refining hub, the added cost could ripple through prices and supply chains—potentially making U.S.-sourced gold more attractive.
Investors may want to keep a close eye on shifts in gold premiums and availability.