Gold prices remained close to record levels alongside ongoing safe haven demand. The price of an ounce of gold started the day around $2,930. Concerns about U.S. customs tariffs and global uncertainty have been impacting gold prices. The price of an ounce of gold hovered just below the record level of $2,941. Gold sold for 3,419 Turkish Lira per gram, while quarter gold rose to 5,618 Turkish Lira. U.S. President Donald Trump escalated trade tensions by signaling a 25% tariff on cars, drugs, and chips. Trump indicated that car tariffs could come into effect by April 2. The possibility of the White House lifting sanctions against Russia during diplomatic talks raised concerns in Europe and Kiev, increasing uncertainty. The Trump administration stated it was willing to engage in more talks with Russia to end the war in Ukraine. San Francisco Fed President Mary Daly remarked that progress in inflation was uneven, emphasizing the need to keep interest rates steady. On the other hand, Singapore’s gold shipments to the U.S. reached the highest level in the past three years in January. Markets will be watching the Fed minutes set to be released at 22:00 GMT tonight.