---
title: "Gold Futures Hit Record High as U.S. Slaps Tariffs on Swiss Gold Bars"
publisher: "Share Talk"
author: "sharetalk"
published: "2025-08-08T07:27:19+00:00"
modified: "2025-08-08T07:27:19+00:00"
date: 2025-08-08
canonical: "https://www.share-talk.com/gold-futures-hit-record-high-as-u-s-slaps-tariffs-on-swiss-gold-bars/"
category: "B2B"
categories: ["B2B", "Blogs", "Mining"]
tags: ["COMEX", "EU", "futures", "Gold", "Gold Bars", "Laos", "Market", "MYANMAR", "Swiss", "Switzerland", "Syria", "UK", "United States"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/03/gold-14th-march.webp?fit=1200%2C800&quality=80&ssl=1"
format: "news"
language: "en-GB"
---

# Gold Futures Hit Record High as U.S. Slaps Tariffs on Swiss Gold Bars

**Published:** August 8, 2025
**Author:** sharetalk
**Categories:** B2B, Blogs, Mining
**Tags:** COMEX, EU, futures, Gold, Gold Bars, Laos, Market, MYANMAR, Swiss, Switzerland, Syria, UK, United States
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/03/gold-14th-march.webp?fit=1200%2C800&quality=80&ssl=1)

---

Gold futures surged to an all-time high on Friday following a *Financial Times* report that the United States has imposed surprise tariffs on imports of one-kilo gold bars—a move likely to escalate trade tensions with Switzerland, one of the world’s key precious metal hubs.

According to a letter seen by the *FT* from U.S. Customs and Border Protection, both one-kilo and 100-ounce gold bars are now to be classified under a customs code subject to higher tariffs. One-kilo bars, the preferred format on COMEX—the world’s largest gold futures market—represent the majority of Switzerland’s bullion exports to the U.S.

U.S. gold futures climbed 1.3% to $3,499.30 after hitting a record high of $3,534.10. The spread between New York futures and spot gold prices widened by roughly $100, reflecting market dislocation triggered by the tariff move.

The development is a significant blow to Switzerland, which now faces a 39% U.S. export tariff—one of the steepest under President Trump’s trade war policies. Only Laos, Myanmar, and Syria face higher rates, at 40–41%. In contrast, the EU and UK have negotiated far lower tariffs of 15% and 10% respectively.

Switzerland exported $61.5 billion worth of gold to the U.S. in the 12 months to June. Under the new tariff regime, that trade flow could incur an additional $24 billion in duties, according to *FT* estimates. The tariffs took effect on Thursday.

---

**Original URL:** https://www.share-talk.com/gold-futures-hit-record-high-as-u-s-slaps-tariffs-on-swiss-gold-bars/
*Created by [WP Markdown Endpoint](https://wpmarkdownendpoint.com/)*