With the decline in the dollar … the rise in gold prices to a new standard

Gold futures prices continued to rise to the sixth consecutive session in Tuesday’s trading to record a new record due to fears of the repercussions of new fees on American imports and tensions that prompted investors towards a safe haven.
The decline in the dollar against other major currencies before the meeting of the Open Market Committee concerned with the management of monetary policy in the Federal Reserve (Central Bank) during the current week contributed to pushing the price of the yellow metal to rise.

Gold prices

The dollar value index fell to 103.20 points, compared to 103.37 points yesterday. Today, it increased by 35.10 dollars, or 1.17% to 30.10.10 dollars an ounce this month, to record gold for the longest connected rise period since late October 2024.
On the other hand, the price of silver decreased by $ 50.55, or 1.48%, to 34.579 dollars an ounce of the delivery of this March, while the price of copper increased by 06,0600 dollars, or 1.2% to 993,4 dollars for a pound this month.

Customs

This comes as US President Donald Trump said he will impose customs duties on his country’s imports according to the principle of reciprocity as of April 2.
In terms of economic news, economic statements published today, Tuesday, showed the high number of housing projects that started work during the past month in the United States, with much more than expectations.

The US Department of Commerce stated that the number of housing projects that started work during last February increased by 11.2% to the equivalent of 1.50 million units annually, after it decreased by 11.5% to the equivalent of 1,350 million units annually during last January, according to modified data.
Analysts expected the number to rise by 1% to the equivalent of 1,380 million units annually during the past month, compared to 1,366 million units annually in the previous month, according to initial data.