USD/Metals Complex : Decoupling Begins

"Commodities as a rule are rallying fairly aggressively, whether it's oil, copper, aluminum or zinc," he said. "Across the board, commodities are gaining a lot of strength and for no particular reason."

The metals have been trading "tick for tick" with the dollar for a couple of months. Yet, prices are strong considering the dollar is not terribly far from its recent highs, he said.

"They (gold and silver) are very much driving themselves, as there is fairly decent fund buying and short covering going on."

[...], sources said, there were no fresh fundamental factors to drive the price action.