{"id":4060,"date":"2026-02-25T16:44:00","date_gmt":"2026-02-25T05:44:00","guid":{"rendered":"https:\/\/www.amillex.com\/?p=4060"},"modified":"2026-02-25T16:44:01","modified_gmt":"2026-02-25T05:44:01","slug":"amillex-daily-market-commentary-bullish-momentum-meets-a-pullback-as-hawkish-fed-rhetoric-pressures-gold","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/es\/2026\/02\/25\/amillex-daily-market-commentary-bullish-momentum-meets-a-pullback-as-hawkish-fed-rhetoric-pressures-gold\/","title":{"rendered":"Amillex\u00a0Daily Market Commentary | Bullish Momentum Meets a\u00a0Pullback as Hawkish Fed Rhetoric Pressures Gold\u00a0"},"content":{"rendered":"

25 February 2026<\/strong> \u2014 After four consecutive sessions of strong gains, the gold market saw a sharp correction on Tuesday (24 February). Spot gold plunged from a three-week high, at one point dropping nearly 2.5 percent<\/strong> intraday to around USD 5,094<\/strong>, before settling at USD 5,141.43<\/strong>. <\/p>\n\n\n\n

The sell-off was mainly driven by hawkish remarks from multiple Federal Reserve officials, who stressed the persistence of inflation. Market expectations for a March rate cut have now almost disappeared, while the probability of a June cut has fallen sharply to 43.9 percent<\/strong>. The return of tightening expectations has weighed on non-interest-bearing assets such as gold. <\/p>\n\n\n\n

Although underlying uncertainty continues to provide structural support for gold prices, the combination of profit-taking in futures markets and cooling rate-cut expectations has led to a divergence between gold and silver. Supported by safe-haven demand, silver has shown relatively better resilience amid volatility, while gold may continue to test the strength of support near the USD 5,100<\/strong> level in the short term. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Asset Performance and Fundamental Overview<\/strong> <\/p>\n\n\n\n

1. US Equity Markets<\/strong> <\/p>\n\n\n\n

Index Performance<\/strong> <\/p>\n\n\n\n

    \n
  • Dow Jones Industrial Average<\/strong>:\u00a049,174.50<\/strong>, up\u00a00.76 percent<\/strong>.\u00a0
    The Dow significantly outperformed broader markets,\u00a0indicating\u00a0a rotation back into blue-chip value stocks with stable cash flows amid macro uncertainty.\u00a0<\/li>\n\n\n\n
  • S&P 500 Index<\/strong>:\u00a06,898.47<\/strong>, up\u00a00.11 percent<\/strong>.\u00a0
    The index showed clear consolidation near the 6,900 level, suggesting a temporary balance between bulls and bears at elevated valuations.\u00a0<\/li>\n\n\n\n
  • Nasdaq 100 Index<\/strong>:\u00a025,029.25<\/strong>, unchanged (0.00 percent<\/strong>).\u00a0
    Growth and technology stocks lacked clear direction as markets continued to reassess interest-rate expectations and digest prior valuation premiums.\u00a0<\/li>\n<\/ul>\n\n\n\n

    Stock in Focus<\/strong> <\/p>\n\n\n\n

      \n
    • Tesla<\/strong>:\u00a0USD 409.38<\/strong>, up\u00a02.39 percent<\/strong>.\u00a0
      As a leading growth stock, Tesla\u2019s stronger-than-expected performance helped ease weakness in the tech sector, showing that sector-specific positives can still attract higher risk appetite.\u00a0<\/li>\n<\/ul>\n\n\n\n
      <\/div>\n\n\n\n

      2. Foreign Exchange Market<\/strong> <\/p>\n\n\n\n

        \n
      • US Dollar Index<\/strong>:\u00a097.854<\/strong>, down\u00a00.03 percent<\/strong>.\u00a0
        The dollar remained range-bound at\u00a0high levels,\u00a0indicating\u00a0that markets have\u00a0largely priced\u00a0in the Fed\u2019s policy path and are lacking fresh macro catalysts.\u00a0<\/li>\n\n\n\n
      • USD\/JPY<\/strong>:\u00a0155.865<\/strong>, down\u00a00.02 percent<\/strong>.\u00a0
        The yen continued to hover above the 155 level as investors cautiously\u00a0monitored\u00a0the Bank of Japan\u2019s stance on liquidity withdrawal.\u00a0<\/li>\n\n\n\n
      • EUR\/USD<\/strong>:\u00a01.17765<\/strong>, up\u00a00.03 percent<\/strong>.\u00a0
        The euro is undergoing a mild recovery after testing range lows, though upside\u00a0remains\u00a0limited due to weak underlying momentum in the eurozone economy.\u00a0<\/li>\n<\/ul>\n\n\n\n
        <\/div>\n\n\n\n

        3. Precious Metals and Commodities<\/strong> <\/p>\n\n\n\n

        Metales preciosos<\/strong> <\/p>\n\n\n\n

          \n
        • Spot Gold<\/strong>:\u00a0USD 5,146.95 per ounce<\/strong>, up\u00a00.06 percent<\/strong>.\u00a0
          After recent sharp swings, gold has entered a high-level consolidation phase. While safe-haven demand\u00a0remains, momentum for chasing higher prices has weakened.\u00a0<\/li>\n\n\n\n
        • Spot Silver<\/strong>:\u00a0USD 87.1525 per ounce<\/strong>, down\u00a00.03 percent<\/strong>.\u00a0
          Silver underperformed gold slightly, reflecting pressure on industrial demand expectations amid a slowing macro backdrop.\u00a0<\/li>\n<\/ul>\n\n\n\n

          Commodities<\/strong> <\/p>\n\n\n\n

            \n
          • Crude Oil<\/strong>:\u00a0USD 66.31 per barrel<\/strong>, up\u00a00.17 percent<\/strong>.\u00a0
            Supported by potential geopolitical risks and expectations of minor supply adjustments, oil prices remained firm around the USD 66 level.\u00a0<\/li>\n<\/ul>\n\n\n\n
            <\/div>\n\n\n\n

            4. Crypto Assets<\/strong> <\/p>\n\n\n\n

              \n
            • Bitcoin<\/strong>:\u00a0USD 64,239<\/strong>, up\u00a00.28 percent<\/strong>.\u00a0
              Following a technical pullback, Bitcoin found short-term support above the USD 64,000 level, with markets awaiting fresh liquidity signals.\u00a0<\/li>\n\n\n\n
            • Ethereum<\/strong>:\u00a0USD 1,855.6<\/strong>, up\u00a00.20 percent<\/strong>.\u00a0
              Ethereum continued to rebound in line with the broader market, though its higher-beta characteristics have yet to fully assert themselves in the current risk-averse environment.\u00a0<\/li>\n<\/ul>\n\n\n\n
              <\/div>\n\n\n\n

              5. Today\u2019s focus<\/strong> <\/p>\n\n\n\n

                \n
              • Australia January CPI (month-on-month \/ year-on-year)\u00a0<\/li>\n\n\n\n
              • Australia January Trimmed Mean CPI (month-on-month)\u00a0<\/li>\n\n\n\n
              • Speech by the US President\u00a0<\/li>\n\n\n\n
              • Speech by RBA Governor Michele Bullock\u00a0<\/li>\n<\/ul>\n\n\n\n
                <\/div>","protected":false},"excerpt":{"rendered":"

                25 February 2026 \u2014 After four consecutive sessions of strong gains, the gold market saw a sharp correction on Tuesday (24 February). Spot gold plunged from a three-week high, at one point dropping nearly 2.5 percent intraday to around USD 5,094, before settling at USD 5,141.43.  The sell-off was mainly driven by hawkish remarks from multiple Federal Reserve officials, who stressed the persistence 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