Gold prices are rising due to the increasing uncertainties in global trade. The price of an ounce of gold reached a record high of $2,900. Meanwhile, the price of a gram of gold hit an all-time high of $3,360. So, what is the current situation with gold prices? How much is the price of a quarter of gold?

Gold prices soared to record levels after U.S. President Donald Trump’s new tax announcement. Trump revealed that a 25% customs duty would be imposed on steel and aluminum imports. On the first trading day of the week, the price of an ounce of gold climbed over 1% to $2,900, breaking a record. Trump indicated that he would announce these tariffs on Monday and stated that aluminum and steel imports from Canada and Mexico would also be subject to tariffs.

The performance of an ounce of gold brought record levels for both grams and quarters.

The price of a gram of gold reached an all-time high of $3,360. Meanwhile, the price of a quarter of gold rose to $5,513.

Furthermore, expectations are increasing regarding interest rate cuts by central banks. Despite strong employment data, markets are anticipating two interest rate cuts from the U.S. Federal Reserve in 2024.