This measure will negatively affect the country's economy, since the country is the largest world platform for the processing and selling of precious metal. In January 2025, the volume of gold exports from Switzerland to the United States amounted to 192.9 tons.
the United States are the main market for gold futures (London is a spite market). The difference in price between the price in London and the price in New York is currently more than $ 100 per ounce, but probably this can reach several hundred dollars per ounce ($ 800 to justify logistics). Usually the difference (called EFP) reflects the cost of time plus some modest bonus per kilobara. The differential in the price difference was swollen.
will there be sport prices to grow? Most likely, yes, but perhaps less than you could expect - the Swiss sellers will have to go to a discount compensating tariffs.
Gold feeds on uncertainty, and we came to a situation where its gold is the cause of this uncertainty.