Gold prices declined to $3,100 after selling pressure from the peak. Experts issued a warning for gold to reach $3,000 per ounce. The price of a gram of gold also dropped below 3,800 Turkish lira. Following the record-breaking tariffs imposed by the U.S., gold prices started to fall. Gold hit a high of $3,168 per ounce after President Donald Trump’s announcement. After the sales pressure from the peak, gold fell to $3,100 per ounce, losing almost 2% in value. The yellow metal has risen nearly 20% this year. A gram of gold exchanged hands at 3,792 liras, while a quarter of a gold coin was traded at 6,058 liras. Trump declared that the U.S. would impose at least a 10% reciprocal tariff on all countries, including Turkey. The U.S. announced a 34% tariff for China, 20% for the EU, and 24% for Japan. An additional 25% tax was introduced for cars produced in foreign countries. The European Union and China also stated that they would retaliate against the U.S. Gold was supported by expectations of interest rate cuts, central bank purchases, and strong demand for gold-backed investment funds. Investors focused on non-farm payroll figures to be announced today. The impact of employment data on the U.S. Federal Reserve’s (Fed) monetary policy will be monitored. Analysts pointed out that the markets are beginning to learn how to price in trade risks and suggested that the price of gold has the potential to drop to $3,000 per ounce.