{"id":4056,"date":"2026-02-24T17:23:23","date_gmt":"2026-02-24T06:23:23","guid":{"rendered":"https:\/\/www.amillex.com\/?p=4056"},"modified":"2026-02-24T17:23:25","modified_gmt":"2026-02-24T06:23:25","slug":"amillex-daily-market-commentary-policy-uncertainty-returns-as-a-catalyst-gold-bulls-restart-rally-toward-three-week-highs","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/es\/2026\/02\/24\/amillex-daily-market-commentary-policy-uncertainty-returns-as-a-catalyst-gold-bulls-restart-rally-toward-three-week-highs\/","title":{"rendered":"Amillex\u00a0Daily Market Commentary | Policy Uncertainty Returns as a Catalyst, Gold Bulls Restart Rally Toward Three-Week 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\">24 February 2026&nbsp;\u2013 Spot gold traded around&nbsp;USD 5,240&nbsp;in early Asian session, extending Monday\u2019s strong upward momentum. Market risk-off sentiment surged after the US President, following the Supreme Court\u2019s rejection of his earlier proposal, quickly announced a&nbsp;temporary increase in tariffs to 15%. This sudden policy reversal&nbsp;immediately&nbsp;ignited safe-haven demand.&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\">After recording a&nbsp;2.5% gain on Monday, spot gold briefly broke above the&nbsp;USD 5,250&nbsp;level during early trading today, marking its highest level since the sharp sell-off on January 30. Meanwhile,&nbsp;April US gold futures&nbsp;also climbed strongly to&nbsp;USD 5,225.60. Repeated policy flip-flops and renewed tariff drama have become the most direct trigger driving capital aggressively into gold as a safe-haven asset.&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-3 wp-block-paragraph\" style=\"font-size:18px\">The current rally&nbsp;essentially reflects&nbsp;a concentrated release of global uncertainty risks, supported by tightening geopolitical conditions and expectations of declining real interest rates \u2014 forming a powerful dual-driver for gold prices.&nbsp;<\/p>\n\n\n\n<div style=\"height:50px\" 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-4 wp-block-paragraph\" style=\"font-size:20px\"><strong>Asset Performance and Fundamental Overview<\/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>1. US Stock Market<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-6 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-7\" style=\"font-size:18px\"><strong>Dow Jones Industrial Average (DJI):<\/strong>\u00a048,804.06,\u00a0<strong>down 1.66%<\/strong>\u00a0<br>As a core value-stock benchmark, the Dow saw a sharp sell-off, reflecting growing concerns over rising industrial costs and slowing macroeconomic expansion.\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>S&amp;P 500 (SP500):<\/strong>\u00a06,850.29,\u00a0<strong>up 0.04%<\/strong>\u00a0<br>Market sentiment remained highly conflicted, with mixed performance among heavyweight stocks keeping overall gains\u00a0nearly flat.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-9\" style=\"font-size:18px\"><strong>Nasdaq 100 (NQ1):<\/strong>\u00a024,798.50,\u00a0<strong>up 0.14%<\/strong>\u00a0<\/li>\n<\/ul>\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>Stock 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-11\" style=\"font-size:18px\"><strong>Tesla (TSLA):<\/strong>\u00a0USD 399.83,\u00a0<strong>down 2.91%.\u00a0<\/strong>The\u00a0stock fell below the psychological USD 400 level, highlighting valuation pressure on core growth stocks amid tighter liquidity and rising risk aversion.\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-12 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-13\" style=\"font-size:18px\"><strong>US Dollar Index (DXY):<\/strong>\u00a097.875,\u00a0<strong>up 0.18%.\u00a0<\/strong>The dollar remained firm as markets\u00a0repriced\u00a0expectations for Fed tightening, with strong policy support keeping the index stable near the 98 level.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-14\" style=\"font-size:18px\"><strong>USD\/JPY:<\/strong>\u00a0155.125,\u00a0<strong>up 0.31%.\u00a0<\/strong>Ongoing interest-rate differentials continued to pressure the yen, pushing the pair above 155 and raising concerns over spillover depreciation risks for Asian currencies.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-15\" style=\"font-size:18px\"><strong>EUR\/USD:<\/strong>\u00a01.17723,\u00a0<strong>down 0.11%.\u00a0<\/strong>The euro stayed weak under dollar strength and\u00a0relatively soft\u00a0eurozone fundamentals, lacking momentum for a meaningful upside breakout.\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-16 wp-block-paragraph\" style=\"font-size:18px\"><strong>3. Precious Metals and Commodities<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-17 wp-block-paragraph\" style=\"font-size:18px\"><strong>Metales preciosos<\/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-18\" style=\"font-size:18px\"><strong>Spot Gold (XAUUSD):<\/strong>\u00a0USD 5,155.24\/oz,\u00a0<strong>down 1.37%.\u00a0<\/strong>Gold pulled back sharply after\u00a0failing to sustain\u00a0above USD 5,200,\u00a0mainly due to\u00a0dollar strength and short-term profit-taking after safe-haven premiums were stretched.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-19\" style=\"font-size:18px\"><strong>Spot Silver (XAGUSD):<\/strong>\u00a0USD 85.51\/oz,\u00a0<strong>down 3.03%.\u00a0<\/strong>Silver saw steeper losses, dragged down by gold\u00a0weakness\u00a0and downgraded expectations for future industrial demand.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-20 wp-block-paragraph\" style=\"font-size:18px\"><strong>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-21\" style=\"font-size:18px\"><strong>Crude Oil (XTIUSD):<\/strong>\u00a0USD 66.26\/barrel,\u00a0<strong>down 0.24%.\u00a0<\/strong>Oil prices remained range-bound at low levels. While geopolitical risks provide downside support, slowing global growth expectations continue to cap upside potential.\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-22 wp-block-paragraph\" style=\"font-size:18px\"><strong>4. Crypto Assets and Macro Developments<\/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-23\" style=\"font-size:18px\"><strong>Bitcoin (BTCUSD):<\/strong>\u00a0USD 64,341,\u00a0<strong>down 0.45%.\u00a0<\/strong>After\u00a0failing to push\u00a0higher, Bitcoin entered a consolidation phase, with cautious capital flows and technical focus on support near USD 64,000.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-24\" style=\"font-size:18px\"><strong>Ethereum (ETHUSD):<\/strong>\u00a0USD 1,846.8,\u00a0<strong>down 0.48%.\u00a0<\/strong>ETH underperformed slightly, reflecting stricter risk pricing on ecosystem tokens amid macro uncertainty.\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-25 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-26\" style=\"font-size:18px\">Speech by\u00a0ECB President Lagarde\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-27\" style=\"font-size:18px\">Speech by\u00a0Fed Governor Waller\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-28\" style=\"font-size:18px\">US February Conference Board Consumer Confidence\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-29\" style=\"font-size:18px\">US February Richmond Fed Manufacturing Index\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>24 February 2026&nbsp;\u2013 Spot gold traded around&nbsp;USD 5,240&nbsp;in early Asian session, extending Monday\u2019s strong upward momentum. Market risk-off sentiment surged after the US President, following the Supreme Court\u2019s rejection of his earlier proposal, quickly announced a&nbsp;temporary increase in tariffs to 15%. This sudden policy reversal&nbsp;immediately&nbsp;ignited safe-haven demand.&nbsp; After recording a&nbsp;2.5% gain on Monday, spot gold [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":4053,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0,"ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[8],"tags":[],"class_list":["post-4056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/posts\/4056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/comments?post=4056"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/posts\/4056\/revisions"}],"predecessor-version":[{"id":4057,"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/posts\/4056\/revisions\/4057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/media\/4053"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/media?parent=4056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/categories?post=4056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/tags?post=4056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}