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Record Series Continues in Gold

Gold prices continued their record series amid uncertainties in trade and geopolitical tensions. The price of an ounce of gold climbed to $3,039, reaching a peak. Global uncertainties in trade and escalating geopolitical tensions have fueled the ongoing record series in gold prices. Starting the day with an increase, the ounce of gold broke records at $3,039. Gold has gained over 15% in value since the beginning of the year. The price of a gram of gold rose to 3,587 Turkish liras, while a quarter of gold reached 5,857 liras. The Israeli army violated the ceasefire and launched attacks in different parts of the Gaza Strip. At least 7 people lost their lives in the attacks yesterday, with many others injured. Ceasefire talks in the Russia-Ukraine conflict continued. Putin agreed to halt attacks on energy facilities in Ukraine. However, Trump rejected the proposed 30-day ceasefire. Furthermore, trade tensions increased with the mutual and sectoral tariffs set for April 2, including the 25% tariffs imposed by the US on steel and aluminum since February. Eyes in the market are now on the interest rate decision of the Federal Reserve (Fed). The Fed’s interest rate decision will be announced tonight. Investors will be looking for clues regarding Fed’s interest rate policy amidst Trump’s policies.

Record Series Continues in Gold

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