Gold Futures Hit Record High As US Reportedly Plans Tariffs For Gold Bars

The Customs and Border Protection agency said one-kilo and 100-ounce gold bars should be classified under a customs code subject to levies, the Financial Times reported.

Gold futures prices hit a record high on Friday morning after a report signaled that the U.S. slapped tariffs on imports of one-kilo gold bars.

Gold futures hit a fresh high of $3,534 before paring some gains ahead of the market open, trading at around $3,478. According to documents seen by The Financial Times, the Customs and Border Protection agency said one-kilo and 100-ounce gold bars should be classified under a customs code subject to levies.

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