U.S. President Donald Trump on Monday said he would not impose tariffs on gold, a move welcomed by global bullion markets and which ended days of speculation that the yellow metal could be caught up in the ongoing global trade spat.

President Donald Trump said Monday that his administration will not impose tariffs on gold, ending days of speculation that had unsettled global bullion markets. “Gold will not be Tariffed!” Trump wrote in a brief post on Truth Social,