Analysts: Dollar weakness no longer supports commodities due to concerns about Federal Reserve independence

Institutional analysts point out that dollar weakness has been a force supporting commodity futures such as agricultural products and energy in recent trading days, but as concerns about the independence of the Federal Reserve have caused prices to fall across the board, dollar weakness has been ignored today, with few exceptions except for precious metals. Normally, a weaker dollar means that the prices of U.S. goods are more competitive relative to other options, but the new U.S. tariff policy is undermining that - and for now, it appears that this policy will continue. The dollar index fell 1% on Monday, crude oil prices fell 2.9%, CBOT wheat prices fell 1.3%, and gold futures main contracts rose 3% as investors sought safe havens to store their money in times of market turmoil.