The gold ounce opened today at around $2,930, while the gram of gold set a new record at 3,431 Turkish Liras. Concerns related to U.S. tariffs and global uncertainties significantly impact gold prices. The price of a gold ounce remained just below its record level of $2,941, with the gram trading at 3,431 Turkish Liras, and the quarter gold reaching 5,618 Turkish Liras.
The United States hinted at the possibility of imposing new tariffs, as President Donald Trump announced his intention to apply a 25% tariff on cars, pharmaceuticals, and chips, which has heightened trade tensions. These tariffs could come into effect by April 2.
Regarding the Ukraine-Russia war, the White House raised the possibility of lifting sanctions on Russia during diplomatic talks, which has caused concern in Europe and Kiev, increasing uncertainty. The Trump administration stated that it has agreed to hold more discussions with Russia to end the war in Ukraine.
As for the markets, attention is focused on the minutes of the Federal Reserve, which will be released this evening at 22:00 Turkey time. San Francisco Fed President Mary Daly stated that progress in inflation is uneven and emphasized the need to keep interest rates steady. Meanwhile, Singapore's gold shipments to the U.S. in January reached their highest level in three years.
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