Gold prices have retreated from record levels due to profit-taking. The price of an ounce of gold is trading around $3,327. Global tensions easing and investors engaging in profit-taking have caused gold prices to decline from peak levels. With Easter Holiday in the markets today, gold prices traded within a narrow range. After hitting a record high of $3,358 yesterday, gold was priced below $3,300 on the new day. Trade talks between the US, Japan, and Italy have reduced tensions in the markets. US President Donald Trump expressed reluctance to continue raising tariffs on China. Trump claimed that Beijing had reached out multiple times to reach a deal. China announced its willingness to continue trade talks under certain conditions. Meanwhile, Fed Chairman Jerome Powell stated that the Federal Reserve would wait for more clarity before adjusting interest rates due to tariff uncertainties. Trump criticized Powell for being too late in lowering interest rates and demanded his removal. HOW MUCH IS A GRAM OF GOLD? Today, a gram of gold is trading at 4,069 lira. A quarter of gold is changing hands at 6,656 lira.