# Weaker USD Lifts Commodities Complex - Sharecafe

> Commodities closed with small gains on Friday as the U.S. dollar weakened after Powell's speech. Gold rose to its highest close in three weeks, and copper also gained.

- Date: 2018-08-26 · published 2018-08-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/63463-weaker-usd-lifts-commodities-complex-sharecafe
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar makes dollar-priced commodities cheaper for foreign buyers, giving modest support to commodity prices broadly.

## Read by commodity

- DXY: bearish ▼

## Sources

- sharecafe.com.au: https://www.sharecafe.com.au/2018/08/27/weaker-usd-lifts-commodities-complex/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.