Gold started the new week near record levels. The yellow metal found support from geopolitical tensions, trade wars, and increasing economic uncertainties. Gold prices kicked off the week near the peak. The price of an ounce of gold traded positively on the first business day of the week. Starting the day around $2,935, the ounce of gold rose to $2,944 in the morning hours. Gold has shown a 12% increase since the beginning of the year. In the domestic market, the price of a gram of gold has increased by 15% in the last 50 days. The rise in gold was driven by strong demand as a safe haven asset. Concerns over US President Donald Trump’s tariff plans that could escalate global trade tensions have supported the precious metal. A gram of gold started the week around 3,446 lira. A quarter of a gold coin changed hands for 5,664 lira. Last week’s data from the US revealed a slowdown in business activities and a decrease in consumer confidence. This week, investors will monitor the Personal Consumption Expenditures (PCE) Index, which is considered by the Federal Reserve as an inflation indicator. This critical data will be released on Friday and provide clues about the Fed’s monetary policy.