Gold continues to maintain its strength with safe haven demand. The price of an ounce of gold is trading above $2,910. Meanwhile, the price of a gram of gold finds buyers at 3,430 Turkish lira. The uncertainties in global trade and fears of a slowdown in the US economy keep the safe haven demand for gold intact. The price of an ounce of gold remains strong at $2,913. A gram of gold is priced at 3,429 Turkish lira. A quarter of gold changed hands at 5,640 Turkish lira. In the US, President Donald Trump’s 25% tariffs on steel and aluminum imports came into effect without any exemptions granted. Threatening to double the tariffs on steel and aluminum for Canada from 25% to 50%, Trump’s move led the government of Ontario to suspend additional taxes planned for electricity sold to the US. On the other hand, Ukraine’s agreement to a 30-day ceasefire in the conflict with Russia and the US’s commitment to continue military aid and intelligence sharing with Ukraine reduced risk premiums. Markets are focused on the US inflation data to be released today. Investors will be looking for clues about the Fed’s monetary policy from the inflation figures.