Gold futures plummet due to tariff policy uncertainty as market focuses on Federal Reserve moves
According to ChainCatcher, citing Jinshi News, gold futures prices have plummeted, reversing the gains from the previous trading day, due to ongoing uncertainty surrounding tariffs. U.S. customs authorities have reportedly classified 1-kilogram and 100-ounce gold bars as goods subject to import tariffs, and the White House is expected to issue a clarification statement on this matter. Analysts at Mitsubishi UFJ Financial Group pointed out that this regulation could disrupt global gold trade flows and the U.S. futures market. Currently, the market is closely watching the upcoming inflation data for clues on the Federal Reserve’s path toward monetary policy easing.
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