Gold prices are trading near record levels above 3,000 dollars. Meanwhile, the price of gram gold is holding steady just below 3,700 liras.

As the demand for a safe haven under gold continues, the price of gold per ounce is hovering close to record levels at 3,020 dollars. Uncertainty surrounding the upcoming mutual customs tariffs imposed by the United States has impacted gold prices. President Donald Trump’s mutual tariff plans are expected to go into effect on April 2nd. The new tax plan is anticipated to be more targeted and limited compared to previous ones. On the other hand, investors are focusing on the leading inflation data considered by the Federal Reserve. Personal consumption expenditures data in the United States will be announced on Friday. Clues regarding monetary policy will be sought from this indicator. On the geopolitical side, developments are being monitored in the conflicts between Ukraine and Russia, as well as in the Middle East. In the U.S.-led peace talks, Ukraine and Russia have agreed to stop attacks at sea and energy targets.

HOW MUCH IS A GRAM OF GOLD?
Due to the sideways movement of gold per ounce and the USD/TRY rate, there has not been significant pricing for gram gold. The price of a gram of gold is currently quoted at 3,693 liras. Meanwhile, a quarter of gold is trading at 6,064 liras.