PHILADELPHIA — Switzerland is used to being alone. It’s not a member of NATO or the European Union; it eschews the euro in favor of its own currency, the Swiss franc, which has lately gained value against the euro and the dollar.

The White House previously said they would issue an executive order clarifying tariff levels on the precious metal this week.

U.S. President Donald Trump's statement on not putting tariffs on gold has sent an encouraging signal for trade stability but only a formal decision will provide certainty, the head of the Swiss precious metals association ASFCMP said on Tuesday.