AGGRESSIVE BUYING IN GOLD ON TARIFFS AND CHINA, TECH STOCK BUYING CONTINUES ON TRUMP’S PAPER TIGER MOVE
By Nigam Arora 
To gain an edge, this is what you need to know today.
Gold Tariffs
Please click here for a chart of gold futures (GC_F)
Note the following:
- The chart shows aggressive buying in gold.
- Aggressive buying in gold has been triggered by several factors:
- Concern about tariffs on one kilo gold bars. Expectations have been for no tariffs on gold.
- Switzerland is a major gold refining hub. The President of Switzerland returned from visiting the U.S. without a change in the 39% tariffs. It is not clear how tariffs will impact gold being refined in Switzerland.
- People’s Bank of China (PBOC) buying gold for the ninth straight month in a row.
August 8, 2025