Gold prices have entered a correction after hitting a record high, as markets focus on Trump's tariff decision.

Gold prices have experienced a slight decline on the last trading day of the week, influenced by a strengthening dollar and profit-taking by investors. However, ongoing market uncertainties and expectations regarding the U.S. Federal Reserve's interest rate policy continue to support strong gold prices. Following a record high, spot gold fell approximately 0.45% to $3,030 today, while the gram gold remains positively steady at 3,700 TL, influenced by the dollar exchange rate against the Turkish lira.

On the other hand, gold is preparing for its third consecutive weekly rise, gaining 1.6% this week. Prices surged to $3,057 on Thursday, marking an all-time high. Experts believe that minor corrections above the $3,000 mark are healthy. Meanwhile, President Donald Trump's trade policies continue to shape gold prices, as the demand for gold as a safe haven increases amid heightened global trade uncertainties.