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SD GOLD Slumps ~5%, Gold Futures Fall 1%+ as White House Clarifies Gold Bar Tariff as Misinformation
Recommend 7 Positive 14 Negative 4 |
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Last week, the market was taken aback by a letter from the US Customs and Border Protection saying that tariffs would be imposed on 100-ounce and 1-kilogram gold bars. The US government later clarified that the information about tariffs on gold and other special products were inaccurate. Gold futures for December last dropped by 1.4% to USD3,442.3. Hong Kong gold miners were under pressure. SD GOLD (01787.HK) last traded at HKD28.4, down 4.7%, with a volume of 3.9244 million shares, involving HKD112 million. ZHAOJIN MINING (01818.HK) was last at HKD21.68, down 4.16%, with a volume of 3.4504 million shares, involving HKD75.4648 million. CHINAGOLDINTL (02099.HK)/ ZIJIN MINING (02899.HK)/ LINGBAO GOLD (03330.HK) last fell by 3.41%/ 0.52%/ 0.26% to HKD73.7/ HKD22.94/ HKD11.56. AAStocks Financial News |
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