Topline
The value of U.S. gold futures rose to a record high Friday, after the Trump administration tacked on “surprise” tariffs that some economists warned could disrupt global bullion trade.
Key Facts
U.S. gold futures, often relied on by investors to hedge positions, rose to an all-time high of just over $3,534 per troy ounce on the New York Mercantile Exchange early Friday.
Gold’s latest rally follows a Financial Times report on Thursday indicating Customs and Border Protection would hit one-kilo and 100-ounce gold bars with President Donald Trump’s tariffs, citing a ruling letter by the agency dated July 31.
When Trump announced his…
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