Gold prices hovered near record levels due to uncertainties in trade. The price of an ounce of gold started the day at $2,919. Meanwhile, the price of a gram of gold changed hands at 3,375 Turkish liras. Gold prices remained close to peak levels due to uncertainties in global trade. The price of an ounce of gold started the day around $2,919. The price of an ounce of gold reached a new peak yesterday, climbing to $2,941. After hitting a record high yesterday, with prices exceeding 3,400 liras, the price of a gram of gold changed hands at 3,375 liras in the first transactions of the day. During the same period, a quarter gold was priced at 5,543 liras. US President Donald Trump imposed an additional 25% customs tax on all imported steel and aluminum products. Trump also hinted at new customs taxes this week. The suspension of the release of hostages by Hamas due to Israel’s ceasefire violations in Gaza has increased geopolitical risks. Today, all eyes are on Federal Reserve Chairman Jerome Powell’s presentation at the House Financial Services Committee. His remarks will be scrutinized for hints regarding monetary policy. US inflation figures, on the other hand, will be announced on Wednesday. Headline inflation expectations point to 2.9%. Meanwhile, a 0.3% increase in monthly inflation is anticipated.