Gold slightly rose in the U.S. amid concerns of economic slowdown. The price of an ounce of gold traded near $2,900 today, while the price of a gram of gold exchanged hands above 3,400 Turkish lira. Global economic uncertainties kept gold prices moving sideways. The price of an ounce of gold increased by 0.35% to trade near $2,900, while a gram of gold traded at 3,404 lira. A quarter of a gold coin changed hands at 5,583 lira. Gold hit a record high on February 17th at $2,956 for an ounce. Investors have seen gains of over 10% from gold’s consecutive all-time highs this year. Uncertainties caused by U.S. President Donald Trump’s administration, central bank purchases, and expectations about the Fed’s interest rate policy provided support to gold prices. Trump signaled the possibility of recession in the U.S. economy due to tariffs imposed on Canada and Mexico. When asked about the likelihood of a recession this year because of tariffs, Trump expressed his dislike for making predictions on such matters. He mentioned that the ongoing transition period was significant in bringing back wealth to the U.S., emphasizing the importance of time. Concerns about inflation are increasing, with markets eagerly awaiting the announcement of U.S. inflation data this week. Results from the Consumer Expectations Survey published by the Federal Reserve Bank of New York showed a rise in short-term inflation expectations of American consumers. The short-term median inflation expectation for the next 12 months increased from 3% to 3.1% last month, marking the first increase in four months.