Gold futures plummet due to uncertainty over tariff policies, market focuses on Federal Reserve's movements

ChainCatcher news, according to Jinshi reports, gold futures prices have plummeted, reversing the gains of the previous trading day, due to ongoing uncertainty regarding tariffs. U.S. Customs authorities are reportedly classifying gold bars of 1 kilogram and 100 ounces as goods subject to import duties, and the White House will issue a clarification statement on this. Analysts at Mitsubishi UFJ Financial Group pointed out that this regulation could disrupt global gold trade flows and the U.S. futures market. The market is currently focused on the upcoming inflation data to look for clues regarding the Federal Reserve's monetary policy easing path.