The recent decision of the United States to impose tariffs on imports of 1 kilogram h bingersA significant impact on the gold market worldwide. This measure mainly affects the gold bullion of a kilo, which are the most common in the Comex, the main gold derivative market in the world.
Gold futures price rebound in the United States
The advertisement of the application of tariffs to the Orode bullions A kilo has generated a strong rebound in the price of beautiful metal futures in the US market. Prices climbed at an intra -drum of $ 3,534 per Troy ouncewhile in London they remained stable.
Impact of the decision of the US Customs and Border Agency
According to a letter dated July 31 to which the ‘Financial Times’ had access, the United States Customs and Border Protection Agency has determined that the golden bears of one kilo and 100 ounces must be classified under a customs code subject to tariffs. This position has surprised the industry, which expected a customs classification exempt from the national tariffs of the Trump administration.
Impact on commercial relations between Switzerland and the United States
The ingots of a kilo are fundamental in commercial relations between Switzerland and the United States, since they constitute most of the exports of Lingows of Switzerland to the North American country. However, commercial tensions between the two nations have intensified, With the United States setting a 39% tariff to imports from Switzerland, including gold.
Data on Gold exports from Switzerland to the United States
During the 12 months that ended in June, Switzerland exported 61,500 million dollars (52,752 million euros) in gold to the United States. With the 39% tariff applied from the recent decision, it is estimated that Switzerland would face additional $ 24,000 million (20,586 million euros) in tariffs.
Global Gold Bilts Flower Flow
According to the ‘Financial Times’, The flow of the world trade of gold linges is usually triangular. Large bars travel between London and New York, passing through Switzerland, where they merge into different formats. London uses a 400 Troy ounces bar, while in New York the bar of one kilo is preferred.