Gold prices are rising due to increasing uncertainties in global trade. The price of an ounce of gold approached a peak at $2,882. Meanwhile, the price of a gram of gold reached a record high of $3,341. So, what is the current status of gold prices? How much is the price of a quarter of gold? Gold prices soared to record levels following US President Donald Trump’s new tax disclosures. Trump announced a 25% tariff on steel and aluminum imports. The price of an ounce of gold rose by 0.81% to $2,882 in the first trading day of the week. The price of gold per ounce had broken a record in previous weeks at $2,886. Trump stated that he would announce the tariffs on Monday, and aluminum and steel imports from Canada and Mexico would also be subject to the tariffs. The price of a gram of gold hit a record high at $3,341. Meanwhile, a quarter of gold changed hands at $5,479. Expectations are rising for interest rate cuts by central banks. Despite strong employment data, the markets are expecting two interest rate cuts from the Federal Reserve in 2024.