The safe haven rally in gold prices continues. The price per ounce is approaching the peak at $2,940. Meanwhile, the price per gram has reached a record high of $3,465. Uncertainty surrounding customs duties has increased demand for safe haven assets, pushing the price of gold higher. The price per ounce of gold rose by 0.26% to reach $2,940. Gold’s ounce price had hit an all-time high of $2,956 on February 24. Likewise, the prices of gram and quarter gold continued their ascent towards the peak. The price of gold per gram reached a record high of $3,465. Quarter gold also changed hands at $5,683. Following retaliatory steps by the EU and Canada, US President Donald Trump warned of additional tariffs on EU goods. Trade Secretary Howard Lutnick also stated that Trump would implement commercial protection measures on copper. On the other hand, lower-than-expected US inflation data provided investors with confidence in the progress towards disinflation. It was noted that inflation data could provide ground for a rate cut by the Federal Reserve. Nevertheless, concerns about trade policies leading to inflationary pressures continued to weigh on the markets.