Concerns about global economic growth increased with the trade tensions initiated by US President Donald Trump, pushing gold prices to an all-time high.

Demand for safe-haven assets continues to rise due to the uncertainty in global trade.

The spot price of gold per ounce started the day with a new record high. Gold per ounce rose by 1.62% to $3,283. Meanwhile, US gold futures reached $3,286.30 with a 1.4% increase. HOW MUCH IS GOLD IN GRAMS? Following developments in the price of gold per ounce in the USA, the price of gold per gram is also on the rise in Turkey. Gold per gram saw a 1.66% increase, reaching 4,023 Turkish Liras. Gold per gram had broken records on March 19, 2025, at 4,068 Turkish Liras. IT HAS GAINED 24% IN VALUE SINCE THE BEGINNING OF THE YEAR Brian Lan, General Manager of GoldSilver Central in Singapore, stated, “Gold will continue to remain strong as long as uncertainty persists.” Gold has gained over 24% in value since the beginning of the year.

ANZ Bank has raised its year-end gold price forecast to $3,600 per ounce, and its six-month forecast to $3,500. The bank’s analysts emphasized that escape from risks through purchases has not yet fully begun.

TRADE WAR BETWEEN THE US AND CHINA The “trade war” initiated by US President Donald Trump in January 2025 after taking office continues with the increase in customs duties and tariffs. It is alleged that China has responded to the 145% customs duty imposed on Chinese products by Trump with a new retaliation. China reportedly instructed its airlines not to order more airplanes from aviation giant Boeing.

CENTRAL BANK’S INTEREST RATE DECISION IS AWAITED

The eyes are on tomorrow for the interest rate decision of the Central Bank of the Republic of Turkey (CBRT) for April. Economists expect the CBRT to keep the policy rate unchanged at 42.5% for April.

The Central Bank had lowered the interest rate from 45% to 42.5% last month.