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Switzerland wants binding Trump commitment on gold tariffs, lobby group says
Published by Global Banking and Finance Review
Posted on August 12, 2025
1 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on August 12, 2025
1 min readLast updated: January 22, 2026
Switzerland seeks a formal commitment from Trump on gold tariffs to ensure trade stability, despite his encouraging statement against imposing tariffs.
(Reuters) -U.S. President Donald Trump's statement on not putting tariffs on gold has sent an encouraging signal for trade stability but only a formal decision will provide certainty, the head of the Swiss precious metals association ASFCMP said on Tuesday.
Trump on Monday said he would not impose tariffs on gold, a move welcomed by global bullion markets and which ended days of speculation that the yellow metal could be caught up in the ongoing global trade spat.
"President Trump's statement is an encouraging signal for trade stability," said Christoph Wild, president of the ASFCMP, in a statement.
"However, only a formal and binding decision will provide the certainty the gold sector and its partners require."
(Writing by Matthias Williams, Editing by Rachel More)
Gold trading involves buying and selling gold as a commodity in financial markets. It can be done through physical gold, futures contracts, or gold ETFs.
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