Gold continued its ascent due to the impact of US-China tensions. The price of an ounce of gold rose as high as $3,130, approaching record levels.

Gold prices maintained a demand for safe havens due to increasing tension in global trade. Starting the day with an increase, an ounce of gold is trading at $3,130 with a 1.5% rise. The price of gold per ounce hit a record high on April 3rd at $3,167. The effects of US-China tension in global trade are continuing. In response to US President Trump’s tariff decision, China retaliated with an 84% increase. Trump, on the other hand, raised the tariff on goods imported from China to 125%. The tariff dispute between the two major economies overshadowed the US 90-day postponement decision. Trump announced that additional tariffs on more than 75 countries that had contacted them and did not retaliate will be postponed for 90 days. Signs of recovery in the markets were evident after the postponement decision. Investors are focusing on the US inflation data to be announced on Friday. Clues about the Federal Reserve’s interest rate policy will be sought from the inflation figures. HOW MUCH IS A GRAM OF GOLD? A gram of gold is trading at 3,816 Turkish Lira. A quarter of gold, on the other hand, is priced at 6,270 Turkish Lira.