Trade war pricing continues to affect gold prices. The price of an ounce of gold has solidified its position above $2,900, driven by uncertainties. Meanwhile, a gram of gold is priced at 3,418 Turkish lira. The demand for safe-haven assets in gold persists amid global trade war fears. An ounce of gold is trading around $2,910 in the new week while a gram of gold finds buyers at 3,418 Turkish lira. A quarter of gold is changing hands around 5,600 lira. Despite US President Donald Trump delaying the 25% tariffs on most goods from Canada and Mexico for a month, Canada’s retaliatory tariffs are still in effect. The tariffs imposed on China by the US have taken effect as well. In an interview with Fox News, Trump refused to say whether the economy is facing a recession or rising inflation, increasing investors’ concerns. On the other hand, Federal Reserve Chair Jerome Powell emphasized that there is no rush to lower interest rates amid increasing uncertainty in the economy. Investors will be watching US inflation data closely this week, looking for clues about the Fed’s monetary policy.