Gold started the new week with a slight decrease. The price of an ounce of gold traded at $3,223. However, Goldman Sachs, UBS, and Commerzbank have updated their end-of-year gold predictions. Gold prices fell from their all-time high level on the first trading day of the week. The tension in trade somewhat eased after U.S. President Donald Trump exempted electronic products imported from China from customs duties, increasing market risk appetite. Today, an ounce of gold traded at $2,223. A parallel decrease was also noticed in the price of a gram of gold. The gram price of gold changed hands at 3,939 Turkish Liras. Last week, the record was broken with an ounce price of gold reaching up to $2,345. Expectations for gold, which has been breaking records on top of records, are also being updated. Goldman Sachs raised its end-of-2025 gold price forecast from $3,300 per ounce to $3,700. UBS raised its prediction to $3,500, while Commerzbank set it at $3,000. However, confusion arose about how taxes would be applied to technological products such as computers, tablets, and chips. U.S. Commerce Secretary Howard Lutnick announced that these products will face new taxes within the next two months. All eyes are now on the Federal Reserve (Fed). Trump stated in a Sunday announcement that he will disclose the customs duty rate to be applied to imported semiconductors next week. He also mentioned that some flexibility will be granted to certain companies in the sector. Investors are focusing on how the Federal Reserve will proceed in its monetary policy amidst growing concerns about recession and inflation. Clues about the possibility of an interest rate cut will be sought from Federal Reserve Chairman Jerome Powell’s speech on Wednesday.