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Gold futures jump to record high after US tariffs on cast bars – Gold

20 rbanffy 4 8/8/2025, 7:22:12 PM theguardian.com ↗

Comments (4)

anigbrowl · 2h ago

The most transparent shakedown in history.

Detrytus · 52m ago

I do not understand why such news would cause gold price to go up... What Trump is clearly aiming for is to replace gold with cryptocurrencies - that's why his recent moves to have his own coin, allow crypto in 401(k), push toward "crypto dollar", and now trying to limit gold inflow to US with tariffs. If this goes as planned then gold will become less relevant in global monetary system, so it should go down, right?

Ancalagon · 22m ago

expected increase in scarcity - supply and demand

Detrytus · 12m ago

Yeah, silly me. Futures are very short-term instruments, not concerned about what this news would mean a few years from now.