Gold has been hovering near record levels due to uncertainties in trade. The price of an ounce of gold started the last trading day of the week at $2,930. Meanwhile, the price of a gram of gold changed hands at 3,413 Turkish Liras. Gold prices continue to show a positive trend due to uncertainties in global trade. An ounce of gold started the last trading day of the week near its peak at $2,930. The price of gold per ounce had hit a record high of $2,942 on Tuesday. The gram of gold exchanged at 3,413 Turkish Liras. A quarter of gold was priced at 5,587 Turkish Liras. President Donald Trump of the United States signed a presidential order for the application of reciprocal tariff taxes to countries. Trump instructed the development of a comprehensive plan against unequal regulations in US trade relations. Emphasizing the decision to enforce reciprocal tariffs to ensure fairness in trade, Trump stated, “We will impose what countries impose on us.” US Trade Secretary nominee Lutnick explained that they will individually analyze each country regarding reciprocal tariffs. Lutnick noted that they plan to complete their work by April 1. In terms of economic data, US producer inflation came in above expectations. The Producer Price Index (PPI) increased by 0.4% month-on-month and 3.5% year-on-year in January, surpassing expectations. This data reinforced expectations that the Federal Reserve (Fed) will not lower interest rates in the near future.