{"id":3636,"date":"2026-01-19T15:52:08","date_gmt":"2026-01-19T04:52:08","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3636"},"modified":"2026-01-19T15:52:09","modified_gmt":"2026-01-19T04:52:09","slug":"amillex-daily-market-commentary-global-trade-turmoil-triggers-a-wave-of-safe-haven-demand-gold-and-silver-both-reach-record-highs","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/es\/2026\/01\/19\/amillex-daily-market-commentary-global-trade-turmoil-triggers-a-wave-of-safe-haven-demand-gold-and-silver-both-reach-record-highs\/","title":{"rendered":"Amillex\u00a0Daily Market Commentary | Global Trade Turmoil Triggers a Wave of Safe-Haven Demand, Gold and Silver Both Reach Record Highs\u00a0"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-1 wp-block-paragraph\" style=\"font-size:18px\">January 19, 2026 \u2014 Global financial markets abruptly shifted their focus from routine economic data to a geopolitical vortex in the North Atlantic. The U.S. President announced plans to impose a 10% tariff on eight countries\u2014including Denmark, France, and Germany\u2014starting February 1, over the Greenland issue, and warned that tariffs could be raised to 25% if an acquisition agreement is not reached by June.&nbsp;The move prompted a strong response from the European Union, which is preparing retaliatory measures targeting \u20ac93 billion worth of U.S. goods.&nbsp;Driven by these developments, risk-aversion surged across markets.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-2 wp-block-paragraph\" style=\"font-size:18px\">Spot gold continued to set new all-time highs during the Asian session, reaching USD 4,668.96 per ounce, with momentum pointing toward a potential test of the USD 4,700 level. U.S. crude oil traded near USD 59.06 per barrel, caught between demand concerns and heightened geopolitical risk.&nbsp;Meanwhile, spot silver delivered particularly aggressive gains, breaking above the USD 93 mark and showing strong upside momentum.&nbsp;<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-align-center has-black-color has-text-color has-link-color wp-elements-3 wp-block-paragraph\" style=\"font-size:20px\"><strong>Asset Performance and Fundamental Analysis<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-4 wp-block-paragraph\" style=\"font-size:18px\"><strong>1. U.S. Equity Markets<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-5 wp-block-paragraph\" style=\"font-size:18px\"><strong>Index Performance<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-6\" style=\"font-size:18px\"><strong>Dow Jones Industrial Average:\u00a0<\/strong>Around\u00a049,360\u00a0points (-0.17%). After a series of strong advances, the index is undergoing a mild technical pullback as investors await the upcoming core earnings season.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-7\" style=\"font-size:18px\"><strong>S&amp;P 500 Index:\u00a0<\/strong>Around 6,900 points (-0.06%). The index\u00a0remains\u00a0cautious ahead of the key 7,000 psychological level, as markets reassess the long-term impact of macro policy on corporate profitability.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-8\" style=\"font-size:18px\"><strong>Nasdaq Composite:\u00a0<\/strong>Around 23,430 points (-0.06%). While the technology sector continues to\u00a0benefit\u00a0from the AI growth narrative, capital inflows have slowed amid escalating global trade tensions.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-9 wp-block-paragraph\" style=\"font-size:18px\"><strong>Stock Focus &#8211; Tesla (TSLA)<\/strong>: Tesla closed around USD 437.50. With the company set to release its latest earnings on January 28, market interest is focused on developments in its FSD (Full Self-Driving) subscription model. Although short-term price action has softened due to global supply-chain volatility, institutions\u00a0remain\u00a0optimistic about Tesla\u2019s strategic position in the global energy landscape and are closely watching whether the stock can reclaim the USD 450 level after earnings.\u00a0<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-10 wp-block-paragraph\" style=\"font-size:18px\"><strong>2. Foreign Exchange Market<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-11\" style=\"font-size:18px\"><strong>U.S. Dollar Index (DXY):\u00a0<\/strong>Around 99.20. While the dollar\u00a0retains\u00a0its safe-haven appeal amid trade uncertainty, concerns over future liquidity conditions are capping upside momentum, keeping the index range-bound above the 99 level.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-12\" style=\"font-size:18px\"><strong>EUR\/USD:\u00a0<\/strong>1.1604. The resilience of Europe\u2019s economic recovery is being tested, and the euro\u00a0remains\u00a0under short-term pressure amid rising trade frictions.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-13\" style=\"font-size:18px\"><strong>USD\/JPY:\u00a0<\/strong>158.50. With the U.S.\u2013Japan interest rate differential still elevated, the yen continues to test key psychological thresholds.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-14 wp-block-paragraph\" style=\"font-size:18px\"><strong>3. Precious Metals and Commodities<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-15\" style=\"font-size:18px\"><strong>Spot Gold (XAUUSD):<\/strong>\u00a0Gold surged strongly, breaking out of its prior consolidation range and setting a new all-time high at USD 4,668.96 per ounce.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-16\" style=\"font-size:18px\"><strong>Spot Silver (XAGUSD):<\/strong>\u00a0Silver once again\u00a0demonstrated\u00a0its high-volatility\u00a0nature, posting intraday gains of over\u00a04%\u00a0and reaching a high of\u00a0USD 93.69 per ounce.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-17\" style=\"font-size:18px\"><strong>WTI Crude Oil:<\/strong>\u00a0Range-bound, below the USD 60 psychological level\u00a0<br>Oil prices\u00a0remain\u00a0under pressure, currently trading around USD 59.06 per barrel.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-18 wp-block-paragraph\" style=\"font-size:18px\">4.&nbsp;<strong>Crypto Assets<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-19\" style=\"font-size:18px\"><strong>Bitcoin (BTC):<\/strong>\u00a0Consolidating\u00a0at\u00a0high levels, watching the 100,000 mark\u00a0<br>Bitcoin is trading in a consolidation pattern, currently around\u00a0USD 92,580. After peaking at\u00a0USD 97,690, the market has seen a degree of technical retracement.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-20\" style=\"font-size:18px\"><strong>Ripple (XRPUSD):<\/strong>\u00a0XRP is trading actively around USD 1.93. Supported by growing cross-border payment demand and expectations of potential policy tailwinds, the USD 1.90 level continues to provide solid support.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-21 wp-block-paragraph\" style=\"font-size:18px\"><strong>5.&nbsp;Today\u2019s&nbsp;Focus<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-22\" style=\"font-size:18px\">World Economic Forum (WEF) Annual Meeting \u2013 Day 1\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-23\" style=\"font-size:18px\">Canada December CPI (MoM)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-24\" style=\"font-size:18px\">Canada December Median CPI (YoY)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-25\" style=\"font-size:18px\">Canada December Trimmed CPI (YoY)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-26\" style=\"font-size:18px\">Bank of Canada (BOC) Business Outlook Survey\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p>January 19, 2026 \u2014 Global financial markets abruptly shifted their focus from routine economic data to a geopolitical vortex in the North Atlantic. The U.S. President announced plans to impose a 10% tariff on eight countries\u2014including Denmark, France, and Germany\u2014starting February 1, over the Greenland issue, and warned that tariffs could be raised to 25% 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