India, Aug. 8 -- Gold prices jumped on Friday with news coming out that the US is reportedly planning to impose tariffs on gold imports in a move suggesting that even safe-haven assets are not immune to the volatility set off by trade war.
Front Month Comex Gold for August delivery surged $38.80 (or 1.14%) to $3,439.10 per troy ounce today. Gold has gained $91.40 (or 2.73%) per troy ounce over the week.
Front Month Comex Silver for August delivery rose 25.90 cents (or 0.68%) to $38.417 per troy ounce today. Silver gained $1.6300 (or 4.43%) per troy ounce over this week.
A report from The Financial Times cited a July 31 letter from the US Customs and Border Protection asking for 1-kilo and 100-ounce gold bars to be categorized under a cod...