Analyst: Concerns about Federal Reserve's independence render weak dollar no longer supportive of commodities

Jinse reports that institutional analysts have pointed out that in recent trading sessions, the weakening dollar has been a force supporting commodity futures such as agricultural products and energy. However, due to concerns about the Federal Reserve's independence leading to a broad price decline, the weak dollar was ignored today, with few exceptions other than precious metals. Typically, a weaker dollar means that U.S. goods are more competitively priced compared to other options, but the U.S.'s new tariff policy is undermining this effect—and it seems that this policy will continue. On Monday, the dollar index fell by 1%, crude oil prices dropped by 2.9%, Chicago Board of Trade wheat prices decreased by 1.3%, and the gold futures main contract rose by 3% as investors sought safe havens to store funds amid market turmoil.