Following sales from the peak, gold prices declined to $3,100. Experts issued a warning that gold may drop to $3,000 per ounce. Meanwhile, the price of a gram of gold dipped below 3,800 Turkish Liras. The recent decrease in gold prices came after the United States set new customs tariffs, breaking records. President Donald Trump’s announcement led gold to reach a record high of $3,168 per ounce. However, after the downward trend in sales from the peak, gold went down to nearly $3,100, marking a decrease of around 2%. The precious metal has risen by almost 20% this year. Grams of gold were exchanged at 3,792 liras, while quarter coins changed hands at 6,058 liras. Trump declared that the U.S. would begin imposing mutual customs tariffs of at least 10% on all countries, including Turkey. The U.S. announced it would impose a 34% tariff on China, 20% on the EU, and 24% on Japan. Furthermore, a 25% additional tax was introduced on foreign-made vehicles. The European Union and China stated they would retaliate against the U.S. Gold was supported by expectations of interest rate cuts, central bank purchases, and strong demand for gold-backed investment funds. Investors are eagerly awaiting the non-farm payroll figures to be announced today, monitoring their potential impact on the Federal Reserve’s (Fed) monetary policy. Analysts pointed out that markets are learning how trade risks will be priced, suggesting that the price of an ounce of gold could drop to $3,000.