Following the non-farm employment data, the price of an ounce of gold fluctuated. Initially, gold reacted with a downward trend, falling to $2,853. With the influence of purchases at this level, gold stabilized at $2,866. Gold prices fluctuated after the US employment data release. Non-farm employment in the US fell below expectations in January at 143,000. The unemployment rate in the country dropped from 4.1% to 4%. In response to this critical data, the price of an ounce of gold fell to $2,853 initially but rebounded to $2,866 with the effect of purchases at this level. On Wednesday, the price of gold per ounce had reached a record high at $2,882. After the data was released, gram gold traded near a record level at 3,314 Turkish Liras. Meanwhile, quarter gold changed hands at 5,437 Turkish Liras. In recent days, the acceleration of central bank purchases and uncertainties related to global trade tensions and interest rate cuts have been influential in the rise of the precious metal. China will start implementing additional customs duties on US energy products starting next week. China’s retaliation came after Trump’s 10% tariff. Trump’s Gaza plan has also escalated tensions in the Middle East. Trump stated, “When the conflicts in Israel end, Gaza will be handed over to the US.” This statement from Trump came after his meeting with Israeli Prime Minister Netanyahu.