With fears of a trade war, gold prices continue to break records. The price of an ounce of gold is trading at $3,148. Meanwhile, a gram of gold is changing hands at 3,838 Turkish lira. Gold keeps breaking records due to uncertainties in global trade. The price of an ounce of gold has reached a record level of $3,148, leading to a nearly 20 percent increase since the beginning of the year. Donald Trump’s reciprocal tariffs are expected to go into effect on April 2 in the U.S. Trump has stated that customs duties will apply to all countries beyond a smaller group of just 10 to 15 nations. Additional tariffs on vehicles are set to take effect on Thursday. On the other hand, economic data from the U.S. has increased demand for safe-haven assets. The core personal consumption expenditures (PCE) index, closely monitored by the Fed, exceeded expectations in February. The Core PCE announced on Friday rose by 0.4 percent monthly and 2.8 percent annually. Following this data, selling pressures intensified in risky assets, including U.S. markets. The data raised concerns about expectations for two interest rate cuts by the Federal Reserve (Fed) this year. Investors will be monitoring U.S. employment data this week, with non-farm payroll figures set to be released on Friday. Insights from employment data will be watched for clues about the Fed’s monetary policy path. In the meantime, a gram of gold is trading at 3,838 Turkish lira while a quarter coin is changing hands at 6,312 Turkish lira.