Gold continued its rise, influenced by the tension between the US and China. The price of an ounce of gold reached up to $3,130, approaching a record level.

Gold prices remained in demand as a safe haven amidst the escalating tension in global trade. Starting the day with an increase, an ounce of gold is now trading at $3,130, showing a 1.5% rise. The price of gold per ounce had hit a record of $3,167 on April 3. The effects of the US-China tension in global trade are ongoing. In response to President Trump’s tariff decision, China retaliated with an 84% increase. Trump, on the other hand, raised the tariffs on Chinese imports to 125%. The tariff dispute between the two major economies overshadowed the US’s decision to delay tariffs for 90 days. Trump announced that additional tariffs for over 75 countries that had contacted them and not retaliated were paused for 90 days. Signs of recovery were observed in the markets following the tariff suspension. Investors are focusing on the US inflation data that will be announced on Friday. Clues regarding the Federal Reserve’s interest rate policies will be sought from the inflation figures. HOW MUCH IS A GRAM OF GOLD? A gram of gold is trading at 3,816 liras. Meanwhile, a quarter of gold is priced at 6,270 liras.