شما در حال حاضر در حال مشاهده هستید Amillex Daily Market Commentary | Policy Uncertainty Returns as a Catalyst, Gold Bulls Restart Rally Toward Three-Week Highs 

تفسیر روزانه بازار Amillex | عدم قطعیت سیاست‌گذاری به عنوان یک کاتالیزور بازمی‌گردد، خریداران طلا دوباره به سمت بالاترین سطح سه هفته‌ای خود صعود می‌کنند 

24 February 2026 – Spot gold traded around USD 5,240 in early Asian session, extending Monday’s strong upward momentum. Market risk-off sentiment surged after the US President, following the Supreme Court’s rejection of his earlier proposal, quickly announced a temporary increase in tariffs to 15%. This sudden policy reversal immediately ignited safe-haven demand. 

After recording a 2.5% gain on Monday, spot gold briefly broke above the USD 5,250 level during early trading today, marking its highest level since the sharp sell-off on January 30. Meanwhile, April US gold futures also climbed strongly to 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. 

The current rally essentially reflects a concentrated release of global uncertainty risks, supported by tightening geopolitical conditions and expectations of declining real interest rates — forming a powerful dual-driver for gold prices. 

عملکرد دارایی و بررسی اجمالی بنیادی 

1. US Stock Market 

عملکرد شاخص 

  • میانگین صنعتی داو جونز (DJI): 48,804.06, down 1.66% 
    As a core value-stock benchmark, the Dow saw a sharp sell-off, reflecting growing concerns over rising industrial costs and slowing macroeconomic expansion. 
  • شاخص S&P 500 (SP500): 6,850.29, up 0.04% 
    Market sentiment remained highly conflicted, with mixed performance among heavyweight stocks keeping overall gains nearly flat. 
  • نزدک ۱۰۰ (NQ1): 24,798.50, up 0.14% 

تمرکز سهام 

  • تسلا (TSLA): USD 399.83, down 2.91%. The stock fell below the psychological USD 400 level, highlighting valuation pressure on core growth stocks amid tighter liquidity and rising risk aversion. 

۲. بازار ارز خارجی 

  • شاخص دلار آمریکا (DXY): 97.875, up 0.18%. The dollar remained firm as markets repriced expectations for Fed tightening, with strong policy support keeping the index stable near the 98 level. 
  • دلار آمریکا/ین ژاپن: 155.125, up 0.31%. Ongoing interest-rate differentials continued to pressure the yen, pushing the pair above 155 and raising concerns over spillover depreciation risks for Asian currencies. 
  • یورو/دلار آمریکا: 1.17723, down 0.11%. The euro stayed weak under dollar strength and relatively soft eurozone fundamentals, lacking momentum for a meaningful upside breakout. 

۳. فلزات گرانبها و کالاها 

فلزات گرانبها 

  • طلای اسپات (XAUUSD): USD 5,155.24/oz, down 1.37%. Gold pulled back sharply after failing to sustain above USD 5,200, mainly due to dollar strength and short-term profit-taking after safe-haven premiums were stretched. 
  • نقره اسپات (XAGUSD): USD 85.51/oz, down 3.03%. Silver saw steeper losses, dragged down by gold weakness and downgraded expectations for future industrial demand. 

کالاها 

  • نفت خام (XTIUSD): USD 66.26/barrel, down 0.24%. Oil prices remained range-bound at low levels. While geopolitical risks provide downside support, slowing global growth expectations continue to cap upside potential. 

۴. دارایی‌های رمزنگاری‌شده و تحولات کلان 

  • بیت کوین (BTCUSD): USD 64,341, down 0.45%. After failing to push higher, Bitcoin entered a consolidation phase, with cautious capital flows and technical focus on support near USD 64,000. 
  • اتریوم (ETHUSD): USD 1,846.8, down 0.48%. ETH underperformed slightly, reflecting stricter risk pricing on ecosystem tokens amid macro uncertainty. 

۵. تمرکز امروز 

  • Speech by ECB President Lagarde 
  • Speech by Fed Governor Waller 
  • US February Conference Board Consumer Confidence 
  • US February Richmond Fed Manufacturing Index