Amillex Daily Market Commentary | Political Breakthrough Lifts the Dollar, Gold Pulls Back Toward the 5,000 Mark

February 5, 2026 — U.S. political uncertainty eased meaningfully after the President reached a funding agreement with Senate Democrats, officially ending the risk of a prolonged partial government shutdown. The resolution restored market confidence in U.S. Treasuries and the dollar, pushing the U.S. Dollar Index to a one-week high and weighing broadly on non-USD assets.

After a strong rally to record levels, spot gold saw notable profit-taking. Prices reversed from intraday highs on Wednesday, briefly breaking below key technical support and pulling back toward the USD 5,004/oz area. The move signals a short-term cooling in safe-haven demand, as markets reassess geopolitical risk premiums amid improving political clarity. Energy markets, however, remained relatively resilient. WTI crude oil advanced against the broader risk-off tone, holding near USD 64 as supply expectations and negotiation uncertainty continued to support prices.

Asset Market Performance and Market Analysis

۱. بازارهای سهام ایالات متحده

عملکرد شاخص

میانگین صنعتی داو جونز (DJI): 49,501.30 (+0.53%). Defensive and value-oriented blue-chip stocks attracted inflows as investors sought relative stability.
S&P 500 Index (SPX): 6,902.99 (−0.10%). The index continued to consolidate below the psychologically important 7,000 level.
Nasdaq 100 Index (NDX): 25,060.75 (+0.25%). Tech shares showed mild resilience despite ongoing valuation sensitivity.

برجسته سهام

تسلا (TSLA): USD 406.01 (−3.78%). Shares slid to a near two-month low amid concerns over moderating EV demand and post-earnings profit-taking pressure.

۲. بازارهای ارز خارجی

شاخص دلار آمریکا (DXY): 97.642 (+0.27%). The dollar strengthened as markets recalibrated expectations for Federal Reserve rate cuts in 2026 and safe-haven flows returned.
یورو/دلار آمریکا: 1.18006 (−0.05%). The euro remained capped below the 1.20 handle, pressured by yield-spread dynamics and lingering geopolitical headwinds to European growth.
دلار آمریکا/ین ژاپن: 156.928 (+0.07%). Yen weakness persisted, with markets increasingly alert to potential intervention signals from the Bank of Japan as the pair approaches the 160 level.

۳. فلزات گرانبها و کالاها

فلزات گرانبها

طلای اسپات (XAU/USD): USD 5,012.95/oz (+0.98%). Despite intraday volatility, gold successfully held above the historic USD 5,000 threshold.
نقره اسپات (XAG/USD): USD 89.48/oz (+1.46%). Silver extended gains after clearing USD 85 resistance, supported by a combination of safe-haven flows and strong industrial demand.

کالاها

WTI Crude Oil (XTI/USD): USD 64.58/barrel (+0.02%). Oil prices found solid near-term support around USD 65, underpinned by Middle East tensions and uncertainty surrounding U.S.–Iran nuclear negotiations.

۴. Digital Assets and Macro Dynamics

Bitcoin (BTC/USD): USD 72,685 (−0.43%). Bitcoin entered a phase of technical consolidation after failing to sustain upside momentum, as rising U.S. Treasury yields weighed on risk appetite.
Ethereum (ETH/USD): USD 2,136.6 (−0.34%). Ethereum continued to underperform Bitcoin and traditional safe-haven assets.

۵. تمرکز امروز