The United States imposes a surprise price on gold

The United States imposes a surprise rate on one kilo gold ingots. Consequently, a blow for Switzerland.

• Read also: Gold, a royal missive, a Nobel … Moreover, How far to go to win Trump’s favors?

• Read also: Donald Trump is the “the least loved in Canada. Nevertheless, ” said Doug Ford on American television

The United States has established customs duties on an imported one kilogram, reports the Financial Times. Consequently, This unexpected measure could further destabilize the world market for precious metals. Moreover, bring a blow to the central role of Switzerland in this sector.

According to the FTthe decision is part of President Donald Trump’s strategy to reshape world trade. At the announcement, gold contracts on gold in New York have reached a record level.

Market players expected these ingots exempt from Trump prices, despite united states imposes surprise price the 39 % tax imposed in Switzerland. But the new customs classification now places them in a category subject to direct debit. according to a letter cited by the FT.

Analysts. traders try to understand the scope of this measure: is it already in force, does it concern all countries, and how could it be avoided? “Gold is constantly circulating between central banks and reserves around the world. We would never have imagined that it was targeted by a price. ”reacted Robert Gottlieb, former merchant in precious metals and ex-leaders in Jpmorgan Chase.

This decision is added to a series of unpredictable commercial measures from the Trump administration. which requires various prices according to products and countries. For Switzerland. the first exporter of one kilo bruises to the United States, this change strongly complicates exchanges and could push certain players to suspend their deliveries to the American market.