Gold prices are nearing record levels due to increasing uncertainties in global trade. The price of an ounce of gold started the week at $2,879. Meanwhile, the price of a gram of gold reached 3,335 Turkish Lira. So, what is the current situation with gold prices? How much is the price of a quarter gold? Gold prices surged to record levels following President Donald Trump’s new tax disclosure. Trump announced a 25% tariff on steel and aluminum imports. The price of an ounce of gold increased to $2,879 with a 0.65% rise on the first trading day of the week. The price of an ounce of gold broke records in recent weeks at $2,886. Trump stated that he would announce these tariffs on Monday, mentioning that aluminum and steel imports from Canada and Mexico would also be subjected to tariffs. The price of a gram of gold started the new week around 3,335 Turkish Lira. A quarter of gold changed hands at 5,471 Turkish Lira. Furthermore, expectations are rising regarding interest rate cuts by central banks. Despite strong employment data, markets are expecting two interest rate cuts from the Federal Reserve in the year 2024.