Concerns about trade wars continue to drive demand for safe havens in gold prices. The price of gold per ounce is trading at $2,892, while gram gold finds buyers at 3,389 Turkish Lira. As the impact of trade wars is felt in the markets, gold prices have remained stable. US President Donald Trump has doubled customs duties on China, raising them to 20 percent. A 25 percent tariff on products imported from Canada and Mexico to the US will start tomorrow. Furthermore, Canada has announced that it will impose an additional 25 percent tax on the US. China has announced a 15 percent tax on some US goods. Trump reiterated that reciprocal tariffs on countries imposing taxes on US products will take effect on April 2nd. The demand for gold as a safe haven amid fears of trade wars remained strong. Gold traded at around $2,892 in the first transactions of the day. The price of gold per ounce hit a record high of $2,950 on February 24th. Gram gold finds buyers at 3,389 Turkish Lira, while quarter gold finds buyers at 5,558 Turkish Lira. These developments have reignited fears of global trade war signs showing rising inflation and slowing economic growth. Additionally, US factory activities have slowed down, heightening concerns that customs duties could deal a blow to a cooling economy. Investors are focused on the US employment data set to be released this week.