Gold continues to rise due to uncertainties in trade. The price of an ounce of gold is trading at 2,936 dollars on the last trading day of the week. Meanwhile, the price of a gram of gold has hit a record high at 3,417 TL. Global trade uncertainties are keeping the positive momentum in gold prices. The week started with an ounce of gold at 2,930 dollars near its peak. On Tuesday, the price of an ounce of gold broke a record at 2,942 dollars. At the same time, the price of a gram of gold reached a record high at 3,417 Turkish Liras. A quarter of gold is priced at 5,594 Turkish Liras. President Donald Trump signed a presidential order regarding the implementation of reciprocal tariffs based on reciprocity principle among countries. Trump instructed the development of a comprehensive plan against non-mutual regulations in U.S. trade relations. He stated his decision to apply reciprocal tariffs to ensure fairness in trade, declaring, “We will apply whatever countries apply to the U.S.” Trump’s nominee for U.S. Trade Secretary, Lutnick, explained that they will carefully review each country on reciprocal tariffs. Lutnick noted that they plan to complete their work by April 1. Additionally, U.S. producer inflation data exceeded expectations. The Producer Price Index (PPI) increased by 0.4% monthly and 3.5% annually in January, strengthening expectations that the Federal Reserve will not lower interest rates in the near future.