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A Global Market Based on Gold Bars Shudders on Tariff Threat
The global gold market relies on a network of banks, refineries and couriers that can fly bullion between key trading hubs at a moment’s notice in pursuit of the highest prices. On Friday, a shock US ruling suggesting that the metal would be subject to tariffs plunged that system into chaos.
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If certain conditions are met, the price of gold could start falling soon. Here's what investors should consider now.
Gold prices broke through another record high on Friday after a report said gold bars would be subject to Trump's tariffs.
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