With the decision of additional tariffs on cars in the United States, gold has once again begun to rise. The price of an ounce of gold is nearing a record level of $3,030. Global trade uncertainty is pushing gold prices to near record levels. An ounce of gold is currently trading around $3,030 in the new day. Last week, the price of gold reached a record high of $3,057. Tensions in trade have increased with US President Donald Trump’s new tariffs. Trump announced a 25% customs duty on all cars not produced in the United States. It is stated that this tax will also include automobile parts, prompting a reaction from the European Union. On the other hand, reciprocal tariffs by the White House are expected to come into effect on April 2. According to reports in the US media, the tax regulations may be narrowed down to exempt some sectors. The Personal Consumption Expenditures (PCE) index will be released tomorrow in the US. Investors will be looking for clues on monetary policy from the data that the Fed considers as an inflation gauge. HOW MUCH IS A GRAM OF GOLD? The price of a gram of gold has also risen parallel to the price of an ounce of gold. Gram gold has surpassed 3,700 Turkish liras. Meanwhile, a quarter of a gram of gold changed hands at 6,087 Turkish liras.