Gold reached record levels above $3,000 due to global uncertainties. Meanwhile, the price of a gram of gold changed hands at 3,700 Turkish liras. The safe haven demand supported by economic and geopolitical risks continued to keep gold trading above $3,000. On Monday, the price of an ounce of gold traded around $3,020. Last week, gold hit a record high of $3,057. Investors are closely watching the peace talks between Russia and Ukraine, expecting discussions between American and Russian officials this week. It is noted that hopes for a peace agreement could lead to a relaxation in gold prices. On the other hand, uncertainties in global trade persist, with US President Donald Trump planning to impose new reciprocal tariffs on April 2nd. The Trump administration has signaled some flexibility in additional tariffs. Expectations of a rate cut from the Federal Reserve are also influencing market pricing. While the Fed kept policy rates steady last week, expectations for two rate cuts this year have strengthened. As for the price of a gram of gold, developments in the price of an ounce of gold and the USD/TRY exchange rate have an impact. Tension in the markets increased with the arrest of Istanbul Metropolitan Municipality Mayor Ekrem İmamoğlu in a corruption investigation. Gram gold started the week around 3,700 liras, while the quarter gold is trading close to 6,100 liras.