Trump is now tariffing gold: triple hit if you’re American. Import duty. Capital gains. Currency conversion.
Trump’s tariff memo didn’t mention gold. So how did Customs decide to hit the precious metal? The reclassification came through on July 31. No press release, no Treasury announcement. Just a quiet move that sent prices soaring worldwide. Gold shot up to $3,440 an ounce on COMEX. Retail prices in Delhi topped ₹1,02,700 per 10 …