Gold continues to rise due to uncertainties in trade. Onz gold is trading at $2,936 on the last trading day of the week. Meanwhile, gram gold has hit a new record at 3,417 Turkish Lira. The positive trend in gold prices persists amid uncertainties in global trade. Onz gold started the last trading day of the week near its peak at $2,930. The onz price of gold had hit a record on Tuesday at $2,942. Gram gold reached a record high at 3,417 Turkish Lira. Quarter Gold is priced at 5,594 Turkish Lira. U.S. President Donald Trump signed an executive order for the implementation of reciprocal customs duties based on the principle of reciprocity among countries. Trump gave instructions for the development of a comprehensive plan against non-reciprocal arrangements in trade relations with the United States. Stating that he decided to implement reciprocal tariffs to ensure fairness in trade, Trump said, “We will apply whatever countries apply to the United States.” U.S. Trade Secretary Nominee Lutnick also explained that they will examine each country individually on reciprocal tariffs. Lutnick noted that they plan to complete their work by April 1. On the economic data front, U.S. producer inflation exceeded expectations. The Producer Price Index (PPI) rose by 0.4 percent on a monthly basis and by 3.5 percent on an annual basis in January, surpassing expectations. This data strengthened expectations that the Federal Reserve (Fed) will not cut interest rates in the near future.