Gold futures soar to record high after reports of US tariffs on Swiss bars
Gold futures soar to record high after reports of US tariffs on Swiss bars
www.theguardian.com
Gold futures jump to record high after US tariffs on cast bars
Imposition of 39% export rate described as ‘another blow’ to Switzerland’s world-leading refining industry
The price of gold futures have soared to a record high after it was reported that the US would put tariffs on imports of 1kg bars in a further trade blow to Switzerland, which dominates the world’s refining industry.
Swiss exports to the US were hit by a crippling 39% tariff on Thursday after the country’s president returned empty-handed from a last-minute dash to Washington in an attempt to get the rate, among the highest imposed by Donald Trump, lowered.
Oh look, another global market manipulation in plain sight.
It's like the new version of the "If a tree falls in a forest" quote. "If market manipulation is happening in plain sight but nobody cares, does it still generate profit?" Yes, yes it does.