US gold futures hit all-time high on tariff uncertainty over bullion imports

U.S. gold futures hit a record high on Friday amid uncertainty over whether country-specific U.S. import tariffs would apply to the most commonly traded sizes of gold bars.

Spot prices, meanwhile, was little changed but remained on track for a weekly gain.

Washington may place the most widely traded gold bullion bars in the United States under country-specific import tariffs, according to a ruling on the U.S. Customs and Border Protection service's website, which would be a major blow to global supply chains for the metal.