A slight decline in gold prices ends the standard heights series

After the significant rise during the past sessions, the price of gold futures fell slightly in trading on Tuesday.
The price of gold decreased by $ 3.90, or 0.1%, to 3,118 dollars an ounce, ending 3 days of the steady rise.
The slight decline in prices came as a result of profit making operations, despite the continued pressure that drives prices up, especially as the world is waiting for US President Donald Trump’s decision to impose customs duties on imports from almost all countries of the world according to the reciprocity base today, Wednesday.

Liberation Day in America

“On Wednesday will be the liberation day in America, as President Trump proudly described it, the president will announce a customs duties plan that will end the unfair commercial practices that were using our country for decades,” said White House spokeswoman Caroline Levit.
The Washington Post reported that the US President’s assistants prepared a proposal to impose a fee of about 20% on most American imports.

However, the newspaper pointed out that the White House advisers indicated that there were many options on the table and no final decision was made in this regard.

American economic data

In terms of economic data, a report issued by the American Supply Management Institute showed that the manufacturer of the manufacturing sector purchases in the United States declined to 49 points during the past month, compared to 50.3 points in the previous month, which indicates the sector’s activity for the first time since the beginning of this year.