Gold’s latest rally follows a Financial Times report on Thursday indicating Customs and Border Protection would hit one-kilo and 100-ounce gold bars with President Donald Trump’s tariffs, citing a ruling letter by the agency dated July 31.

This tends to be a positive sign, as Charlie Morris of Bytetree — my usual go-to for all things precious metals (and crypto) — noted in the most recent edition of his Atlas Pulse newsletter. In his view, gold remains in a bull market that is “far from done.”