The gold market has been experiencing unprecedented fluctuations as new tariffs on gold bars have caused significant turmoil. Reports emerged of the U.S. imposing a 39% tariff on one-kilo and 100-oz gold bars, impacting major refining hubs such as Switzerland. As traders reacted to this tariff shock, gold futures soared to record highs, creating a ripple effect in the stock markets. The White House is set to issue an order to clarify the status of these tariffs, as misinformation continues to swirl. Amidst the uncertainty, market analysts predict that the ongoing tariff turmoil may lead to further gold price increases, while some players have halted shipments to the U.S. until the situation stabilizes. Gold prices are not only rising in reaction to tariffs but also signify a broader financial uncertainty that could influence other markets.