Following the United States’ decision to impose additional tariffs on automobiles, gold has once again started to rise. The price of an ounce of gold is approaching a record high at $3,030. Gold prices are nearing record levels due to uncertainty in global trade. Gold is trading around $3,030 per ounce on the new day. Last week, the price of an ounce of gold hit a record high at $3,057. Trade tension has increased with President Donald Trump’s announcement of new tariffs. Trump stated that a 25% customs duty would be imposed on all cars not produced in the US. While it was indicated that this tax would also include auto parts, the European Union reacted to the decision. On the other hand, White House reciprocal tariffs are expected to take effect on April 2nd. Reports in the US media suggested that the tax regulation may be narrowed down to exempt certain sectors. The Personal Consumption Expenditures Index (PCE) will be released tomorrow in the US. Investors will look for clues on the monetary policy from the data that the Fed considers as an inflation indicator. HOW MUCH IS A GRAM OF GOLD WORTH? The price of a gram of gold has also increased parallel to the price of an ounce of gold. Gram gold surpassed 3,700 Turkish lira. Meanwhile, the quarter gold coin changed hands at 6,087 lira.