---
title: "The U.S. increases \"gold bar tariffs,\" pushing gold prices higher; foreign media reports it may severely impact the global refining center in Switzerland"
description: "The U.S. increased tariffs on gold bars, causing gold prices in New York to hit a record high, reaching $3,534.10 per ounce on August 8. Due to the uncertainty of the tariff policy, gold prices subseq"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/252378483.md"
published_at: "2025-08-10T11:38:33.000Z"
---

# The U.S. increases "gold bar tariffs," pushing gold prices higher; foreign media reports it may severely impact the global refining center in Switzerland

> The U.S. increased tariffs on gold bars, causing gold prices in New York to hit a record high, reaching $3,534.10 per ounce on August 8. Due to the uncertainty of the tariff policy, gold prices subsequently fell to $3,461.40 per ounce. The White House plans to issue an executive order to clarify tariff information but has not specified whether gold bars are exempt. Gold, favored for its safe-haven properties amid trade and geopolitical uncertainties, will severely impact Switzerland as a global gold refining center

According to a report by AFP on August 8, influenced by the uncertainty of tariff policies, gold prices in New York reached an all-time high during trading on Friday. This was triggered by the latest documents from U.S. Customs showing that certain specifications of gold bars would be included in the tariff list imposed by the Trump administration, causing market turmoil. According to documents updated by U.S. Customs on July 31 and officially announced on August 8, 1-kilogram and 100-ounce gold bars were listed under the tariff category. After this news was first reported by the Financial Times on August 7, the price of gold futures for December delivery on the New York Mercantile Exchange surged to a historic peak of $3,534.10 per ounce on August 8. However, by 6:30 PM GMT, the gold price had retreated to $3,461.40 per ounce. This price fluctuation stemmed from a clarification statement issued by the White House. An official told AFP that the U.S. government plans to "issue an executive order soon to clarify misinformation regarding tariffs on specific products such as gold," but did not specify whether gold bars would maintain their tariff exemption. Earlier this year, U.S. demand and prices for gold had surged dramatically. As buyers anticipated that Trump's tariff policies might affect precious metals, there was a rush to stockpile in the U.S. market. The continuous strengthening of gold prices this year has also benefited from its safe-haven attributes. Amid escalating trade tensions and geopolitical uncertainties, along with a weakening dollar, gold has become a favored safe asset. For Switzerland, the global gold refining center, the imposition of gold tariffs would be another heavy blow. This Alpine nation just faced a 39% high tariff on its goods exported to the U.S. on the 7th. Previously, investors generally believed that gold enjoyed the same tariff exemptions as pharmaceutical products, but the latter is currently facing the threat of separate tariffs

### Related Stocks

- [07299.HK - FL2CSOPGOLD](https://longbridge.com/en/quote/07299.HK.md)
- [GLD.US - SPDR Gold Shares](https://longbridge.com/en/quote/GLD.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 黄金浩劫之后的生活——平淡是新的上涨趋势 | 我们最近概述的黄金基本情况仍然是，这种闪亮的金属在经历了大幅上涨和随后的回调后，需要进行整合。将会持续一段时间的无聊 | [Link](https://longbridge.com/en/news/276062495.md) |
| 展望：Alamos Gold 的盈利预测 | Alamos Gold（纽约证券交易所代码：AGI）定于 2026 年 2 月 18 日发布季度财报，分析师预测每股收益（EPS）为 0.49 美元。投资者期待在上个季度轻微超出预期的每股收益后，能够获得积极的指引，这导致股价下跌了 2.6 | [Link](https://longbridge.com/en/news/276139776.md) |
| IAMGOLD 公布 2025 年第四季度及全年业绩 \| IAG 股票新闻 | IAMGOLD 公司公布了截至 2025 年 12 月 31 日的第四季度及全年财务业绩，调整后的 EBITDA 为 15 亿美元。该公司在第四季度生产了 242,400 盎司黄金，全年生产了 765,900 盎司，符合生产指导。第四季度的 | [Link](https://longbridge.com/en/news/276183589.md) |
| Hycroft Mining 股票下跌：是什么导致了这次下滑？ | Hycroft Mining Holding Corp (NASDAQ:HYMC) 的股价下跌了 7.26%，至 32.97 美元，原因是亚洲农历新年市场关闭以及投资者在美联储会议纪要发布前的谨慎情绪。黄金价格跌破每盎司 4,900 美元， | [Link](https://longbridge.com/en/news/276155952.md) |
| Unigold 宣布任命 Juana Barcelo 女士和 Andrés Marranzini 先生加入董事会 | Unigold Inc. 已任命 Juana Barcelo 女士和 Andrés Marranzini 先生为董事会成员。Barcelo 女士在矿业和企业事务方面拥有超过 15 年的经验，曾担任 Barrick Pueblo Viejo  | [Link](https://longbridge.com/en/news/276122942.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.