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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A long position in MON worth $6.5 million was fully liquidated.
ViaBTC donates approximately 3 million HKD to support Tai Po fire relief and community reconstruction in Hong Kong
Decentralized RWA infrastructure project Infinite Galaxy Protocol officially launches Genesis Node sale
HyperLiquid co-founder: No external fundraising has been conducted, so there are no investor HYPE token unlocks
