The price of one ounce of gold is hovering near record highs, surpassing $3,000. Meanwhile, the price of a gram of gold is around 3,700 Turkish lira. Gold prices continue to maintain their close proximity to record levels. On the last trading day of the week, the price of one ounce of gold is around $3,030. The price of gold per ounce hit a record of $3,057 yesterday. Gold has risen by over 15% since the beginning of the year. The uncertainties in global trade and the demand for safe havens have been influential in the rise of gold. Following the interest rate decision of the Federal Reserve, clues about their monetary policy have started to become clearer. The Fed, which kept the policy rate unchanged, had confirmed plans for two interest rate cuts earlier this year. Federal Reserve Chairman Powell described President Donald Trump’s tariffs as having a temporary impact on inflation. However, Powell reiterated that there was no rush for an interest rate cut. On the other hand, tensions in the Middle East have begun to escalate once again. After Israel expanded its attacks on Gaza, Hamas fired a missile towards Tel Aviv. The U.S. also continued its air strikes on Houthi targets in Yemen. Additionally, it is expected that Trump’s new tariff policy will come into effect starting in April. As for the price of a gram of gold, it is experiencing an increase alongside the rise in the price of one ounce of gold and the USD/TRY exchange rate. Earlier this week, the gram of gold had reached 4,000 lira. After some selling pressure brought it below 3,700 lira, the gram of gold is currently trading at 3,695 lira. The quarter gold coin is changing hands near 6,000 lira.