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The Guardian - UK

Business

Lisa O’Carroll

Price of gold eases after Trump rules out tariffs on imported bars

Gold Donald Trump United States White House

Two gold bars — Donald Trump wrote on his Truth Social platform that ‘Gold will not be tariffed.’ Photograph: Peter Klaunzer/AP

The price of gold has eased after Donald Trump announced tariffs would not be placed on gold bars.

His social media statement on Monday put an end to uncertainty, which had caused panic in global trade of the precious metal.

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