Breaking: Silver Tops $38 for First Time Since 2011 
Could gold face U.S. import tariffs? According to the World Gold Council, it’s not out of the question. While there’s no current indication that gold will be targeted, WGC strategist Joe Cavatoni warns that with Trump’s administration prioritizing critical minerals, “anything is possible.”
Cavatoni notes that gold isn’t classified as a strategic mineral, which makes tariffs less likely—but logistical issues and political shifts could change that. Meanwhile, gold remains range-bound around $3,300 as markets wait for clarity on interest rates and trade policy. Central banks remain active buyers, with 15 years of net purchasing and another strong quarter expected.
