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Gold futures soar to record high after reports of US tariffs on Swiss bars

Imposition of 39% export rate described as ‘another blow’ to Switzerland’s world-leading refining industryThe price of gold futures have soared to a record high after it was reported that the US would put tariffs on imports of 1kg bars in a further trade blow to Switzerland, which dominates the world’s refining industry.Swiss exports to the US were hit by a crippling 39% tariff on Thursday after the country’s president returned empty-handed from a last-minute dash to Washington in an attempt to get the rate, among the highest imposed by Donald Trump, lowered. Continue reading...

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