Gold prices have been squeezed into a narrow range just below record levels. The price of an ounce of gold is hovering around $2,919 today. Meanwhile, a gram of gold is priced at 3,419 Turkish liras. Gold prices continued to maintain their close proximity to record levels. The day began with an ounce of gold at around $2,919. Trading within a limited band range, gold found support from global trade uncertainties and the weakening of the US dollar. On the 24th of February, gold hit a record high of $2,956 per ounce. The prices of gram and quarter gold followed the trend of ounce gold. A gram of gold changed hands at 3,419 Turkish liras. A quarter of gold was priced at 5,608 Turkish liras. President Donald Trump temporarily exempted American car manufacturers from the 25% customs duty imposed on Canada and Mexico. Additionally, new exemptions are being considered for sectors adversely affected by comprehensive import tariffs, including agriculture. The Federal Reserve’s Beige Book report revealed that businesses are concerned about uncertainties surrounding the Trump administration’s new policies, particularly tariffs. Markets are closely monitoring US employment data this week. Private sector employment in the country has declined to its lowest level in the past seven months. This data confirms a slowdown in the employment market, strengthening expectations for interest rate cuts. Non-farm employment data is set to be released tomorrow.