Last week, the gold price experienced some turbulence. However, the signs now point to higher prices.
- Advertisement/Advertising - This article appears on behalf of GoldMining Inc., Aurania Resources Ltd., companies with which Swiss Resource Capital AG (SRC) has paid IR advisory agreements. Creator: Swiss Resource Capital AG · Author: Ingrid Heinritzi · First published: 11.08.2025, 08:05, Europe/Berlin
It was the announcement of new tariffs on Switzerland. Gold futures rose and then fell sharply again. From August 7, goods imported into the US from Switzerland will be taxed at 39 percent. Reduced customs duties will not apply. No wonder the precious metals markets reacted with panic. Then came the announcement from the US government that no tariffs would be imposed on gold. After all, Switzerland is an important gold trading center for the US.
In the case of gold and silver, a distinction is made between manufactured and processed precious metal products. Gold bars, gold powder, and doré are to be exempt from customs duties, as are silver bars and powder. The situation is different for gold jewelry, semi-finished gold, and silver products. The decisive factor is that there is high demand for precious metals from industry and for processed products for investment purposes. These will now become more expensive if they originate in Switzerland. This is likely to have an impact on supply chains and trade patterns. Uncertainty therefore remains, as the precious metals sector is traditionally a stable sector.
However, trade policy decisions have now caused turmoil – once again. The trading environment for commodities in general is increasingly influenced by politics. After the taxation of gold bars was off the table, the price of gold returned to the gains it made last week. For chart technicians, a price above US$3,430 per troy ounce of gold is likely to trigger a buy signal. And if the price of the precious metal rises above US$3,500 per ounce, the rally could continue. This would also benefit companies with gold in their projects, such as Aurania Resources and GoldMining.
Aurania Resources - https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ - owns gold and copper in the Lost Cities Cutucu project in Ecuador. This project combines historical data with the latest modern mining methods in an exciting way.
GoldMining - https://www.commodity-tv.com/play/goldmining-acquires-an-option-on-the-boa-vista-project-for-up-to-70-million/ - has large gold and copper projects in North and South America, which even include antimony.
Current company information and press releases from Aurania Resources (- https://www.resource-capital.ch/de/unternehmen/aurania-resources-ltd/ -) and GoldMining (- https://www.resource-capital.ch/de/unternehmen/goldmining-inc/ -).
(Source: Kitco News; https://www.kitco.com/opinion/2025-08-08/gold-volatility-surges-amid-swiss-tariff-uncertainty?utm_campaign=Gold%20Volatility%20Surges%20Amid%20Swiss%20Tariff%20Uncertainty&utm_content=Kitco%20News%3A%20Daily%20Recap&utm_medium=email&utm_source=kitco&utm_term=)
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