New US Gold Tariffs Spark Market Confusion, Costco Impact Unclear

Gold futures slid 2% as markets digested unexpected 39% tariffs on select Gold bars imposed by US Customs and Border Protection. The measures specifically target 1-kilogram and 100-ounce bars, leaving popular 1-ounce investment vehicles unaffected according to COINage magazine's Scott Travers.

Costco's consumer gold bar sales appear insulated from the tariffs for now, though ambiguous guidelines have created uncertainty. The warehouse retailer has become an unlikely bullion distributor, with its inventory frequently selling out amid gold's 2024 rally.

Market reaction was immediate but measured. Traders await WHITE House clarification on whether the tariffs represent a broader policy shift or targeted trade measure. The move comes as gold prices test record highs, with futures (GC=F) notching another peak last Friday before the announcement.