Gold futures soar to record high after reports of US tariffs on Swiss bars
Imposition of 39% export rate described as ‘another blow’ to Switzerland’s world-leading refining industryThe price of gold futures have soared to a record high after it was reported that the US would put tariffs on imports of 1kg bars in a further trade blow to Switzerland, which dominates the worl...
<p>Imposition of 39% export rate described as ‘another blow’ to Switzerland’s world-leading refining industry</p><p>The price of gold futures have soared to a record high after it was reported that the US would put tariffs on imports of 1kg bars in a further trade blow to Switzerland, which dominates the world’s refining industry.</p><p>Swiss exports to the US were <a href="https://www.theguardian.com/us-news/2025/aug/07/more-than-60-countries-scramble-respond-donald-trump-latest-tariffs">hit by a crippling 39% tariff on Thursday</a> after the country’s president returned empty-handed from a last-minute dash to Washington in an attempt to get the rate, among the highest imposed by Donald Trump, lowered.</p> <a href="https://www.theguardian.com/business/2025/aug/08/gold-futures-soar-to-record-high-after-reports-of-us-tariffs-on-swiss-bars">Continue reading...</a>
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