US policy uncertainty is expected to cause significant volatility in commodity markets in the coming months.

After the election of Trump, markets experienced a rally, but then paused as traders evaluated cabinet appointments and comments from Federal Reserve Chair Jerome Powell.

The US dollar reached a one-year high of 107.06 due to reduced expectations for rate cuts and speculation of tax reforms and trade tariffs.

Powell indicated that rate cuts are not immediately necessary, as the economy remains strong and inflation persists.

This has led to fluctuating expectations for a rate cut at the Fed's December meeting.

In the commodities sector, COMEX gold prices fell for the third consecutive week, closing at a two-month low of $2,541.50 per troy ounce, a decline of over 4 percent.

This drop was influenced by a stronger dollar and rising Treasury yields.

Silver also faced pressure, closing 3 percent lower, reflecting weakness in base metals.