Pricing in safe havens for gold continues. Gold, which hit a record high yesterday, started the new day with a slight drop. Meanwhile, grams of gold changed hands at 3,446 liras. Gold prices are maintaining their trajectory near record levels. Yesterday, gold hit a record high of 2,956 dollars, starting the day with a slight decrease. Gold traded at 2,938 dollars with a 0.38% drop. Grams of gold changed hands at 3,446 liras. Quarter gold was priced at 5,650 liras. Safe haven asset purchases due to concerns over US President Donald Trump’s tariff policies have played a role in the gold prices. Trump stated that the tariffs imposed on products imported from Canada and Mexico will continue as planned. Markets priced in inflation risks that could affect the Federal Reserve’s monetary policy due to tariff applications. On the other hand, the world’s largest gold-backed ETF, SPDR Gold Trust, reported that its assets rose to 904.38 tons on Friday, the highest level since August 2023. Investors will be watching the personal consumption expenditures index (PCE) this week, which is a key inflation indicator considered by the Fed. This critical data will be released on Friday and will provide clues about the Fed’s monetary policy. It is expected that the data could show the slowest price increase since June, but continued inflationary pressures may keep the Fed cautious about interest rate cuts.