Gold futures surged after tariffs were imposed on Swiss 1kg and 100oz gold bars—formats central to COMEX delivery. The move could cement the U.S. as a gold trade hub and raise compliance costs for non-U.S. banks under Basel III rules.
Key Levels: Support at $3,334.9 | Resistance at $3,426.5 / $3,460.6
Investor Takeaway: Structural shifts in gold trade could boost U.S.-refined gold demand, supporting prices over the medium term.
