Created
: 2025.08.08
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Swiss Gold Association: US tariffs may negatively impact international flow of physical gold
World FX news
Breaking news
Swiss Gold Association: US tariffs may negatively impact international flow of physical gold
New
2025.08.08 22:53
2025.08.08 22:53
2025.08.08 22:53
In response to the United States (US) Customs and Border Protection Services' classification of gold kilo bullion bar and 100 ounce bullion bar imports under a new customs code to make them eligible for tariffs, the Swiss Gold Association noted that the imposition of tariffs on these gold cast products makes it economically unviable to export them to the US.
Key takeaways
"Concerned that this specific clarification from us may negatively impact the international flow of physical gold."
"Particularly concerned about the implications of the tariffs for the gold industry and the physical exchange of gold with the US, a long-standing and historical partner for Switzerland."
"Actively engaging with all relevant stakeholders."
"Committed to a constructive and solutions-oriented dialogue with US authorities."
Market reaction
This headline failed to trigger a noticeable market reaction. At the time of press, Gold was trading flat on the day, slightly below $3,400.
Gold FAQs
Gold has played a key role in human's history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn't rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country's solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Last updated
: 2025.08.08
Related articles
China's trade data provide no new impetus for Copper - Commerzbank
2025.08.08 23:46Swiss Gold Association: US tariffs may negatively impact international flow of physical gold
2025.08.08 22:52Gold drifts lower after bulls fail to sustain above $3,400
2025.08.08 21:31Possible tariffs on Gold imports into the US cause turmoil on the Gold market - Commerzbank
2025.08.08 21:08Gold Price Forecast: XAU/USD rejected at $3,400, is testing support at $3,380
2025.08.08 20:45Gold futures hits record high around $3,530 after Trump's tariffs on gold bars
2025.08.08 19:29
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
GBP/USD steady as BoE hawkish cut seen as last of 2025; Dollar boosted on Waller rumors
The GBP/USD remains steady during the North American session as the Greenback recovers some ground, even though traders seem convinced that the Bank of England's (BoE) rate cut on Thursday may be the last during the year. At the time of writing, the pair trades at 1.3437, virtually unchanged.
New
2025.08.09 00:49EUR/GBP steadies after BoE's hawkish rate cut, divergence with ECB in focus
The EUR/GBP cross is showing signs of stabilization on Friday, following a slide to a one‑week low of 0.8653 earlier in the day.
New
2025.08.09 00:23Fed's Musalem: Likely most of tariff impact on inflation will fade
St. Louis Federal Reserve President Alberto Musalem said on Friday that the US economic activity remains stable, per Reuters.
New
2025.08.09 00:10China's trade data provide no new impetus for Copper - Commerzbank
The latest trade data from China were more or less neutral for the Copper price, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
New
2025.08.08 23:46India recently curtailed oil shipments from Russia - Commerzbank
Data from Bloomberg suggests that US President Trump's threat of punitive tariffs against India has apparently already had an effect, Commerzbank's commodity analyst Carsten Fritsch notes.
New
2025.08.08 23:41Saudi Arabia raises selling prices for customers in Asia - Commerzbank
Saudi Arabia has raised its official selling prices for oil deliveries to Asia in September, Commerzbank's commodity analyst Carsten Fritsch notes.
New
2025.08.08 23:39OPEC production fell in July due to Saudi Arabia - Commerzbank
According to a Bloomberg survey, OPEC production fell slightly in July to 28.31 million barrels per day, Commerzbank's commodity analyst Carsten Fritsch notes.
New
2025.08.08 23:37Swiss Gold Association: US tariffs may negatively impact international flow of physical gold
In response to the United States (US) Customs and Border Protection Services' classification of gold kilo bullion bar and 100 ounce bullion bar imports under a new customs code to make them eligible for tariffs, the Swiss Gold Association noted that the imposition of tariffs on these gold cast produ
New
2025.08.08 22:52Canadian Dollar weakens after disappointing July jobs report
The Canadian Dollar (CAD) loses ground against the US Dollar (USD) on Friday, with USD/CAD pushing higher as traders digest a disappointing Canadian labor market report for July.
New
2025.08.08 22:31Gold drifts lower after bulls fail to sustain above $3,400
Gold (XAU/USD) is edging lower on Friday after peaking at $3,409 earlier in the day, its highest level in two weeks amid a cautious market mood. At the time of writing, the metal is hovering near $3,395 at the start of the American session.
New
2025.08.08 21:31Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
