Gold started the new week with a slight drop. The price of an ounce of gold traded at $3,223. Goldman Sachs, UBS, and Commerzbank have updated their end-of-year gold price predictions. Gold prices fell from an all-time high on the first trading day of the week. The tension in trade eased slightly after U.S. President Donald Trump granted tariff exemptions to electronics imported from China. This situation increased risk appetite in the markets. An ounce of gold traded at $2,223 today. A decrease was also recorded in the price of a gram of gold parallel to an ounce of gold. The gram price of gold changed hands at 3,939 liras. Last week, the record was broken with an ounce of gold reaching $2,345. GOLD PREDICTIONS BEING UPDATED Expectations for gold, which has been breaking records one after another, are also being updated. Goldman Sachs increased its end-of-2025 gold price prediction from $3,300 per ounce to $3,700. UBS raised its ounce of gold prediction to $3,500, while Commerzbank increased it to $3,000. On the other hand, confusion arose about how taxes on technological products such as computers, tablets, and chips would be implemented. U.S. Commerce Secretary Howard Lutnick announced that these products will face new taxes within the next two months. ALL EYES ON THE FED Trump stated on Sunday that he would announce the tariff rates on imported semiconductors next week. He also mentioned that some companies in the sector will be given flexibility. Investors are focusing on the path the Federal Reserve will take in its monetary policy in the context of rising recession and inflation fears. Clues regarding an interest rate cut will be sought from Federal Reserve Chairman Jerome Powell’s speech on Wednesday.