{"id":4173,"date":"2026-03-05T19:38:33","date_gmt":"2026-03-05T08:38:33","guid":{"rendered":"https:\/\/www.amillex.com\/?p=4173"},"modified":"2026-03-05T19:38:46","modified_gmt":"2026-03-05T08:38:46","slug":"amillex-daily-market-review-safe-haven-demand-keeps-gold-firm-at-elevated-levels-markets-await-nonfarm-payrolls","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/es\/2026\/03\/05\/amillex-daily-market-review-safe-haven-demand-keeps-gold-firm-at-elevated-levels-markets-await-nonfarm-payrolls\/","title":{"rendered":"Amillex\u00a0Daily Market Review | Safe-Haven Demand Keeps Gold Firm at Elevated Levels, Markets Await Nonfarm Payrolls\u00a0"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-1 wp-block-paragraph\" style=\"font-size:18px\"><strong>March 5, 2026 \u2014<\/strong>&nbsp;During early Asian trading, spot gold hovered around $5,170 per ounce, extending the upward momentum seen since Wednesday. Ongoing geopolitical tensions have intensified market concerns over potential supply disruptions, particularly as a key shipping route&nbsp;remains&nbsp;blocked for a fifth consecutive day, significantly boosting safe-haven inflows.&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\">Although U.S. February ADP employment data came in stronger than expected, a substantial downward revision to January\u2019s figures has left markets cautious about the underlying strength of the labor market. From a macro perspective, safe-haven&nbsp;premium has&nbsp;become the primary factor underpinning gold prices.&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\">Attention now shifts to Friday\u2019s U.S. February Nonfarm Payrolls report, which is expected to&nbsp;provide&nbsp;clearer guidance on the Federal Reserve\u2019s next monetary policy steps. Fundamentally, while volatility at elevated levels&nbsp;remains&nbsp;pronounced, the combination of geopolitical uncertainty and supportive macro dynamics continues to favor bullish sentiment. Technically, gold&nbsp;retains&nbsp;the potential to challenge historical highs after periods of consolidation.&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 &amp; Fundamental Analysis<\/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. U.S. Equity 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>\u00a048,739.41, up approximately 0.49% on the day. The index\u00a0remains\u00a0relatively stable, with defensive buying emerging in heavyweight components after\u00a0previous\u00a0volatility.\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 (SPX):<\/strong>\u00a06,890.56, up 0.25%. The market is currently\u00a0consolidating\u00a0near record highs.\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 (NQ):<\/strong>\u00a025,209.00, up 0.32%. The tech sector continues to show resilience, reflecting an ongoing repricing of growth assets under the current interest rate outlook.\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 in 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>\u00a0$405.94, surging 3.44%. Supported by sector-specific policy expectations and a technical breakout, Tesla significantly outperformed the broader market, serving as a key source of alpha within the technology space.\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>U.S. Dollar Index (DXY):<\/strong>\u00a098.772, flat on the day (0.00%). The dollar is trading in a tight range near 98.80, as markets await clearer signals from upcoming labor or inflation data to reassess the Fed\u2019s terminal rate outlook.\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>\u00a0156.801, down 0.16%. The yen staged a modest rebound as markets price in potential policy tightening risks from the Bank of Japan, while also hedging against broader macro uncertainty.\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>\u00a01.16415, up 0.07%. The euro\u00a0remains\u00a0range-bound above the 1.16 level, lacking strong economic catalysts to trigger a decisive breakout against the dollar.\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 &amp; 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 (XAU\/USD):<\/strong>\u00a0$5,170.44, up 0.57%. Gold continues to\u00a0demonstrate\u00a0strong technical support above the $5,100 level.\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 (XAG\/USD):<\/strong>\u00a0$84.1347, up 0.71%.\u00a0Silver\u2019s\u00a0gains are outpacing gold, reflecting a dual dynamic between its industrial demand profile and precious metals premium.\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>WTI Crude (XTI\/USD):<\/strong>\u00a0$75.82, down 0.42%. Oil prices faced resistance near $75, as supply increase expectations compete with slowing global manufacturing demand.\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 &amp; 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 (BTC\/USD):<\/strong>\u00a0$72,851, up\u00a00.22%. Following a notable technical pullback, Bitcoin has entered a consolidation phase. Markets are reassessing\u00a0risk\u00a0appetite for digital assets in a higher-rate environment.\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 (ETH\/USD):<\/strong>\u00a0$2,128.8, up 0.04%. Price action has flattened, with intraday volatility narrowing as the Ethereum ecosystem currently lacks near-term macro catalysts.\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. Today\u2019s 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\"><strong>United States:<\/strong>\u00a0Initial Jobless Claims for the week ending February 28\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>","protected":false},"excerpt":{"rendered":"<p>March 5, 2026 \u2014&nbsp;During early Asian trading, spot gold hovered around $5,170 per ounce, extending the upward momentum seen since Wednesday. Ongoing geopolitical tensions have intensified market concerns over potential supply disruptions, particularly as a key shipping route&nbsp;remains&nbsp;blocked for a fifth consecutive day, significantly boosting safe-haven inflows.&nbsp; Although U.S. February ADP employment data came in 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