US President Donald Trump announced on Monday that imports of gold to the United States would not be subject to tariffs. His post on social media stated, “Gold will not be Tariffed!” The comment eased concerns that had unsettled investors in recent days.
Gold futures remained largely unchanged after the statement, though the metal’s prices had declined earlier on Monday. Traders had been watching closely for policy clarification amid mixed signals from Washington.
White House Clarification Ends Market Uncertainty
Last week, the White House said it would introduce a new policy to determine if gold bars would face duties. This move followed a ruling by a US government agency suggesting that such imports could be taxed. The decision had triggered market confusion and volatility, with investors seeking clarity on trade rules.
Investor Sentiment Stabilises
Trump’s assurance now signals that gold imports will remain duty-free, reducing immediate trade tensions. Analysts believe the announcement may help steady short-term trading in precious metals, although market sentiment will continue to depend on broader US trade policies.
