Blog greatdealgold.com 10 August 2025 0 Comments

Gold blasts to record high as deVere warns of surging tariff chaos

August 8, 2025 (www.), a go-to platform for big investing ideas, including gold stocks,
issues market commentary from deVere Group.

Gold’s price is erupting to historic highs today, and global
financial advisory giant deVere Group is warning
that Donald Trump’s latest tariff twist has just turned one of the
world’s most stable financial markets into a “policy-driven
minefield.”

US gold futures have surged to an unprecedented $3,534 per troy
ounce, after the Trump administration blindsided the global bullion
market by imposing duties on one-kilo and 100-ounce bars — a
category long assumed to be exempt from trade levies.

The sudden Customs and Border Protection (CBP) ruling has detonated
decades of convention, setting the stage for a seismic redrawing of
global gold flows.

The White House had previously signaled in April that gold would be
spared from its sweeping ‘liberation day’ tariffs. However, in a
ruling dated July 31, the CBP reclassified these bars under a code
not covered by exemptions, in response to a Swiss refinery’s query.

The decision has delivered a particular blow to Switzerland, the
world’s largest exporter of refined gold, already facing a 39% duty
on other US imports.

The move has created a dramatic pricing split: while London spot
prices stayed steady, U.S. futures jumped, commanding a premium of
more than $100 per ounce. That gap is already straining the role of
New York’s Comex exchange as the global hedging benchmark.

Nigel Green, chief executive of deVere Group, says:
“What we’ve seen today isn’t just a price spike, it’s pure tariff
mania.

“Futures surging into uncharted territory because one customs ruling
turned the global gold plumbing upside down. This is what happens
when political theatre trumps market logic.”

The ruling threatens to divert trade away from the U.S., with London
emerging as a potential beneficiary.

Non-Swiss gold routed through UK refineries could, in theory, bypass
the levy, but only if it meets strict origin and classification
requirements.

This could lead to costly recasting or re-stamping of bars,
paperwork gambits, and a chain-of-custody battle with regulators who
may crack down on anything that smells like circumvention.

If the ruling stands, the market could fracture into two distinct
pools: tariff-free gold and tariff-hit Swiss bars, each trading at
sharply different prices. For an asset prized for its fungibility
and universal valuation, that’s a staggering shift.

Nigel Green warns: “Tariffs on gold bars? It’s absurd. We’re talking
about a market that’s supposed to be one of the cleanest, most
efficient, and most trusted in global finance. Instead, we now have
price distortions, logistical headaches, and an open invitation for
arbitrage — all created by a piece of paper.”

This year alone, gold has soared almost 30% on the back of inflation
fears, swelling government debt, and a persistent hunt for
safe-haven assets.

This rally is now being turbocharged — but not for the right
reasons. The price surge is less about fundamentals and more about
policy whiplash, injecting volatility into a market where stability
is the point.

The wider lesson, according to deVere’s chief, goes far beyond
bullion.

“Tariffs are blunt-force tools dressed up as strategy. They don’t
fix structural problems; they create new ones. The idea that you can
tax your way to a stronger market is as outdated as it is dangerous.

“All you really do is add cost, complexity, and confusion —
and in gold’s case, you risk undermining a cornerstone of the global
financial system.”

For decades, gold has stood apart from the political skirmishes that
buffet other commodities. Its exemption from trade duties wasn’t a
loophole; it was recognition of its central role in reserves,
settlements, and hedging.

Today’s move rips up that understanding and raises urgent questions
about what asset could be next.

“Today’s shock should be a wake-up call,” concludes Nigel Green.
“When policy overrides market logic, everyone pays. Today, the cost
is not just measured in dollars per ounce, it’s in the erosion of
trust that keeps markets functioning.”

Research mining stocks at with our free
mining stocks directory
at

Check out today’s Exploring Mining Podcast

Undervalued Silver Stock: Terra Balcanica’s Silver-Antimony
Project Shines with Phase III Potential

Watch on YouTube:

https://www./watch?v=Y4-Zpi2JsE0

About – Big Investing Ideas

is
the go-to platform for big investing ideas. From breaking stock news
to top-rated investing podcasts, we cover it all.

Disclaimer/Disclosure: Our site does not make
recommendations for purchases or sale of stocks, services or
products. Nothing on our sites should be construed as an offer or
solicitation to buy or sell products or securities. All investing
involves risk and possible losses. This site is currently
compensated for news publication and distribution, social media and
marketing, content creation and more. Disclosure is posted for each
compensated news release, content published /created if required but
otherwise the news was not compensated for and was published for the
sole interest of our readers and followers. Contact management and
IR of each company directly regarding specific questions. More
disclaimer info: More
disclaimer
and
disclosure
info
https://www./About/Disclaimer.asp
Global investors must adhere to regulations of each country. Please
read privacy policy:
https://www./About/Private_Policy.asp