Misalignment of raw materials, despite the weaker dollar

Despite the weaker dollar, commodities denominated in the US currency ended last week in a mixed fashion as investors narrowed their positions in gold and oil on the last day of the week.
Copper finished slightly on Friday in positive territory due to the weakness of the US dollar. A sharp drop in the price of aluminum has limited the growth of copper.
July's copper futures ended at 3.1115, or woth an increase of 0.05%. The price was supported in the past week by declining copper stocks, which, according to technical analysts, could take the price to 3.1215.
Gold closed slightly down on Friday, but still managed to record its first weekly increase of four weeks. The metal market was backed last week by the dollar depreciation and lower interest rates on US government bonds.
Among the investors, there is speculation that the Fed will not be as aggressive in its policy of raising interest rates.
Gold futures with delivery in June lost $1.6, or 0.12% to $1 320.7 per ounce.
The announcement of a meeting between the United States and North Korea, which will take place in Singapore, also leads to a reduction in geopolitical tensions and, accordingly, weighs on the price of gold.
Meanwhile, the price of oil has fallen from its highest levels for the past three and a half years, but continues to trade relatively close to them. US crude oil fell 0.63 cents, or 0.9%, while brent fell by 0.35 cents, or 0.45%.