Gold Futures Hold Losses as Trump Says Imports Won’t Be Tariffed

Gold held losses after President Donald Trump said imports of bullion won’t be subject to US tariffs, further stabilizing the global bullion market after a federal ruling threw it into chaos and confusion.

“Gold will not be Tariffed!” Trump posted on social media. It did little to move bullion futures traded on New York’s Comex, which were 2.5% lower. The global benchmark for spot prices in London also held losses of about 1.3%.

No formal, updated policy had yet been posted by US agencies as of Monday afternoon.

A White House official suggested last week the administration would issue a ...