{"id":4262,"date":"2026-03-18T19:16:26","date_gmt":"2026-03-18T08:16:26","guid":{"rendered":"https:\/\/www.amillex.com\/?p=4262"},"modified":"2026-03-18T19:16:28","modified_gmt":"2026-03-18T08:16:28","slug":"amillex-daily-market-commentary-fed-decision-meets-inflation-uncertainty-gold-holding-firm-around-the-5000-level","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/es\/2026\/03\/18\/amillex-daily-market-commentary-fed-decision-meets-inflation-uncertainty-gold-holding-firm-around-the-5000-level\/","title":{"rendered":"Amillex\u00a0Daily Market Commentary | Fed Decision Meets Inflation Uncertainty, Gold Holding Firm Around the 5000 Level\u00a0"},"content":{"rendered":"

On 18 March 2026<\/strong>, global financial markets are sitting right in the middle of a complex macro environment. Concerns over energy supply triggered by specific geopolitical security developments have continued to support safe-haven demand, keeping gold prices well supported. During early Asian trading, spot gold moved within a narrow range and held above the key USD 5000.72\/oz<\/strong> level. <\/p>\n\n\n\n

Although risk premium remains elevated, the market is also facing bearish pressure from renewed inflation concerns. Slight movements in US Treasury yields together with a softer US Dollar Index are shaping a mixed structure for gold around the USD 5000 psychological level<\/strong>. <\/p>\n\n\n\n

At the same time, energy market volatility has intensified. US crude oil climbed sharply to USD 95.22 per barrel<\/strong> as supply concerns worsened, reinforcing worries about cost-push inflation across major economies. <\/p>\n\n\n\n

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

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

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

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

    \n
  • DJI (Dow Jones):<\/strong>\u00a046,993.26, up\u00a00.10%<\/strong>\u00a0intraday. The index\u00a0remains\u00a0trapped below the 47,000 psychological level, with investors staying cautious ahead of the Fed announcement.\u00a0<\/li>\n\n\n\n
  • SPX (S&P 500):<\/strong>\u00a06,724.47, up\u00a00.01%<\/strong>. Risk appetite\u00a0remains\u00a0limited due to uncertainty over future rate direction.\u00a0<\/li>\n\n\n\n
  • NDX (Nasdaq 100):<\/strong>\u00a025,050.50, up\u00a00.14%<\/strong>. Investors are reassessing valuations of growth stocks under a hawkish-neutral Fed outlook.\u00a0<\/li>\n<\/ul>\n\n\n\n

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

      \n
    • Tesla, Inc. (TSLA):<\/strong>\u00a0USD 399.27, up\u00a00.94%<\/strong>. Despite a\u00a0generally quiet\u00a0broader market, Tesla remained\u00a0relatively strong\u00a0and is approaching the key\u00a0USD 400 level<\/strong>.\u00a0<\/li>\n<\/ul>\n\n\n\n
      <\/div>\n\n\n\n

      2. Forex Market<\/strong> <\/p>\n\n\n\n

        \n
      • DXY (US Dollar Index):<\/strong>\u00a099.580, up\u00a00.02%<\/strong>. Expectations for unchanged Fed rates are already largely priced in, with further movement depending on any change in the dot plot outlook.\u00a0<\/li>\n\n\n\n
      • USD\/JPY:<\/strong>\u00a0159.018, up\u00a00.02%<\/strong>. The pair\u00a0remains\u00a0above 159, while yen weakness continues under interest rate differential pressure.\u00a0<\/li>\n\n\n\n
      • EUR\/USD:<\/strong>\u00a01.15363, down\u00a00.03%<\/strong>. The euro\u00a0remains\u00a0under pressure from USD resilience and geopolitical risk premium,\u00a0failing to break\u00a0out of its current range.\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
        • Gold (XAU\/USD):<\/strong>\u00a0USD 5,001.29\/oz, down\u00a00.09%<\/strong>. Safe-haven demand driven by geopolitical tension is currently offset by reduced expectations for rate cuts and higher holding costs.\u00a0<\/li>\n\n\n\n
        • Silver (XAG\/USD):<\/strong>\u00a0USD 79.29\/oz, up\u00a00.01%<\/strong>. Silver\u00a0remains\u00a0relatively steady, supported by its dual role as both industrial and financial\u00a0asset.\u00a0<\/li>\n<\/ul>\n\n\n\n

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

            \n
          • WTI Crude Oil (XTI\/USD):<\/strong>\u00a0USD 95.44\/barrel, down\u00a00.37%<\/strong>. A mild technical pullback followed recent strong gains, but supply-side support\u00a0remains\u00a0firm as concerns around the\u00a0Strait of Hormuz<\/strong>\u00a0continue.\u00a0<\/li>\n<\/ul>\n\n\n\n
            <\/div>\n\n\n\n

            4. Crypto and Macro Developments<\/strong> <\/p>\n\n\n\n

              \n
            • Bitcoin (BTC\/USD):<\/strong>\u00a0USD 73,750, down\u00a00.24%<\/strong>. Crypto sentiment\u00a0remains\u00a0soft ahead of the Fed decision, reflecting defensive positioning under tighter liquidity expectations.\u00a0<\/li>\n\n\n\n
            • Ethereum (ETH\/USD):<\/strong>\u00a0USD 2,314.0, down\u00a00.18%<\/strong>. ETH\u00a0remains\u00a0weak, with price still\u00a0consolidating\u00a0near lower support levels.\u00a0<\/li>\n<\/ul>\n\n\n\n
              <\/div>\n\n\n\n

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

                \n
              • US February Core PPI m\/m\u00a0<\/li>\n\n\n\n
              • US February PPI m\/m\u00a0<\/li>\n\n\n\n
              • Bank of Canada Interest Rate Decision<\/strong>\u00a0<\/li>\n\n\n\n
              • Bank of Canada Monetary Policy Statement and Press Conference\u00a0<\/li>\n<\/ul>\n\n\n\n
                <\/div>","protected":false},"excerpt":{"rendered":"

                On 18 March 2026, global financial markets are sitting right in the middle of a complex macro environment. Concerns over energy supply triggered by specific geopolitical security developments have continued to support safe-haven demand, keeping gold prices well supported. During early Asian trading, spot gold moved within a narrow range and held above the key USD 5000.72\/oz level.  […]<\/p>\n","protected":false},"author":9,"featured_media":4259,"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-4262","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\/4262","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=4262"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/posts\/4262\/revisions"}],"predecessor-version":[{"id":4263,"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/posts\/4262\/revisions\/4263"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/media\/4259"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/media?parent=4262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/categories?post=4262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/tags?post=4262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}