There is a continued decline in gold prices. The price of an ounce of gold is trading below $2,900. Meanwhile, a gram of gold is changing hands at 3,394 Turkish liras. Starting the day with a loss, gram gold is now trading at 3,394 liras. Quarter gold is being sold at 5,660 liras, while the Republic gold is priced at 22,560 liras. The price of gold per ounce has decreased by 0.7% compared to the previous closing, now trading at $2,896. Following a rise in the price of an ounce, the price of a gram of gold increased by 0.2% to finish the day at 3,413 liras. The uncertainties created by the policies of US President Donald Trump and the strengthening dollar index have increased volatility in asset prices. Today, investors are focusing on the growth and core personal consumption expenditures price index data to be announced in the US. Trump’s messages regarding tariffs continue to fuel concerns about deepening trade wars. In the first cabinet meeting held at the White House, Trump mentioned that they will soon reveal customs duties on the European Union by announcing a 25% tariff. Analysts express their expectations that the gross domestic product (GDP) announcement in the US will have an impact on asset prices. They also noted that signals from the personal consumption expenditures price index, which the Fed considers as an inflation indicator, can affect the pricing of the bank’s future steps. From a technical perspective, analysts indicate that the support level for the price of an ounce of gold is at $2,880, while the resistance level is at $2,910.