A record series continues in gold prices. The price of an ounce of gold reached the peak at $2,947. Meanwhile, gram gold broke records at 3,439 Turkish Lira.

Global uncertainties are increasing the demand for safe havens. Gold started the day around $2,940 per ounce with a 0.21% increase. The price of an ounce of gold reached a record level of $2,947 yesterday. If gold sees a 2% increase, it will surpass $3,000. The rise in gram and quarter gold is also relentless. Gram gold hit a record of 3,439 Turkish Lira, while quarter gold refreshed its record at 5,650 Turkish Lira. The FED’S INFLATION CONCERN CONTINUES The minutes of the January meeting of the Federal Reserve (Fed) were reflected in the global markets. According to the minutes, officials will wait on interest rates until they see further improvement in inflation. Additionally, Fed members mention that trade and immigration policies pose risks to inflation. US President Donald Trump announced a plan to impose a 25% customs duty on semiconductors, drugs, and automobiles.

DECLARATION FROM TRUMP ON ZELENSKY On the geopolitical side, developments related to the Russia-Ukraine war are closely monitored. US President Donald Trump claimed that Ukrainian President Volodymyr Zelensky is “a dictator who hasn’t gone to election.” Trump warned, “It would be good for him to move quickly, or else there won’t be a country left for him to govern.”