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Gold Futures Plunge Due to Uncertainty in Tariff Policy, Market Focuses on Fed's Actions

Summary: According to sources, gold futures prices plunged, reversing the previous day's gains, due to ongoing uncertainty in tariffs. US Customs reportedly classified 1kg and 100oz gold bars as items subject to import tariffs, prompting a clarification statement from the White House. Analysts at Mitsubishi UFJ Financial Group pointed out that this regulation could disrupt global ...

According to sources, gold futures prices plunged, reversing the previous day's gains, due to ongoing uncertainty in tariffs. US Customs reportedly classified 1kg and 100oz gold bars as items subject to import tariffs, prompting a clarification statement from the White House. Analysts at Mitsubishi UFJ Financial Group pointed out that this regulation could disrupt global gold trade flows and the US futures market, with the market currently focusing on upcoming inflation data to look for clues on the Fed's path to monetary policy easing.

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