Money

Gold price remains near peak levels

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The price of gold continues to hover near its peak levels. One ounce of gold is trading at $3,016. Meanwhile, a gram of gold is changing hands at 3,684 Turkish liras. At the beginning of the day, the price of gold per gram started with an increase, trading at 3,684 Turkish liras. Following the drop in the ounce price yesterday, the gram price of gold also declined and ended the day just below the previous closing at 3,677 Turkish liras. As the new day began with an increase, the gram price of gold stood at 3,684 Turkish liras as of 09:40, showing a 0.2% rise. At the same time, a quarter of gold is being sold for 6,100 Turkish liras, while a Republic gold coin is priced at 24,290 Turkish liras. The ounce price of gold is trading at $3,016, which is a 0.1% increase from the previous closing. The impact of President Donald Trump’s tariff decisions continues to affect asset prices, along with uncertainties related to the U.S.’s protectionist trade stance, as well as inflation and recession concerns, which are continuing to support safe haven demand. According to reports in the U.S. media, the White House may narrow down the reciprocal tariffs to be announced on April 2nd and exempt certain sectors. Furthermore, Trump stated that tariffs targeting sectors such as automobiles and pharmaceuticals may be announced soon. Analysts noted that technically, the $3,040 level serves as a resistance while $3,000 acts as a support level in the ounce price of gold.

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