Gold prices continued to rise amid uncertainties in global trade. Surpassing $3,110, gold set a new record. Concerns of global trade wars led to record-breaking gold prices. On the first trading day of the week, gold exceeded $3,110, marking a new high. Gold prices have increased by 18% since the beginning of the year. The mutual tariffs imposed by Donald Trump in the US are expected to take effect on April 2nd. Reports in the US media suggest that some sectors may be exempt from tax regulations. Additionally, Trump warned that a secondary customs duty of 25-50% on Russian oil would be levied if it obstructed efforts to end the war in Ukraine. Iran was threatened with additional customs duties and bombardment if it failed to reach a nuclear deal. Furthermore, economic data from the US increased demand for safe-haven assets. The core personal consumption expenditures (PCE) index exceeded expectations in February, which the Federal Reserve closely monitors. The Core PCE released on Friday showed a 0.4% monthly increase and a 2.8% annual rise. Following this data, sales accelerated in risky assets, including US stock markets. San Francisco Fed President Mary Daly expressed reduced confidence in the expectations of two interest rate cuts this year. Last week, Goldman Sachs raised its gold price expectation to $3,300.