The rise in the US currency has been hurting gold for a few weeks. And if this situation persists, gold is likely to fall.

The strength of the greenback and bonds is not helping gold. For the first time in its history, the yellow metal has lost nearly 18% of its value. Gold was struggling as the week progressed, after hitting a nine-month low of $1,676.89 an ounce on Monday.
“If the dollar strengthens further, gold could fall to levels not seen in a year” because the rise in the American currency, which serves as a benchmark for the gold market, makes it more expensive for investors to buy bullion using other currencies.
Some market observers believe that gold could regain its shine in the coming months, in particular with the passage of the giant plan to stimulate the American economy of 1,900 billion dollars wanted by Joe Biden.

An ounce of gold was worth 1,716.44 dollars, against 1,700.64 dollars the previous Friday at the end of the session.

The price of tin on the London Metal Exchange (LME) has appreciated this week, approaching the last high reached on February 25th. At 27,500 dollars per ton that day, the grayish-white metal, a useful component for welding components of electronic devices such as smartphones or tablets, found a price unobserved in nearly ten years.

On the LME, a ton of tin for delivery in three months traded at 25,650 dollars on Friday at 4:45 p.m. GMT (5:45 p.m. in Paris), against 24,444 dollars the previous Friday at the close. The price of sugar settled at a level close to its previous record reached at the end of February, supported by a constrained supply.