Amillex Daily Market Review | Safe-Haven Demand Keeps Gold Firm at Elevated Levels, Markets Await Nonfarm Payrolls

March 5, 2026 — 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 remains blocked for a fifth consecutive day, significantly boosting safe-haven inflows.

Although U.S. February ADP employment data came in stronger than expected, a substantial downward revision to January’s figures has left markets cautious about the underlying strength of the labor market. From a macro perspective, safe-haven premium has become the primary factor underpinning gold prices.

Attention now shifts to Friday’s U.S. February Nonfarm Payrolls report, which is expected to provide clearer guidance on the Federal Reserve’s next monetary policy steps. Fundamentally, while volatility at elevated levels remains pronounced, the combination of geopolitical uncertainty and supportive macro dynamics continues to favor bullish sentiment. Technically, gold retains the potential to challenge historical highs after periods of consolidation.

Asset Performance & Fundamental Analysis

۱. بازار سهام ایالات متحده

عملکرد شاخص

میانگین صنعتی داو جونز (DJI): 48,739.41, up approximately 0.49% on the day. The index remains relatively stable, with defensive buying emerging in heavyweight components after previous volatility.
شاخص S&P 500 (SPX): 6,890.56, up 0.25%. The market is currently consolidating near record highs.
نزدک ۱۰۰ (NQ): 25,209.00, up 0.32%. The tech sector continues to show resilience, reflecting an ongoing repricing of growth assets under the current interest rate outlook.

سهام در کانون توجه

تسلا (TSLA): $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.

۲. بازار ارز خارجی

شاخص دلار آمریکا (DXY): 98.772, 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’s terminal rate outlook.
دلار آمریکا/ین ژاپن: 156.801, 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.
یورو/دلار آمریکا: 1.16415, up 0.07%. The euro remains range-bound above the 1.16 level, lacking strong economic catalysts to trigger a decisive breakout against the dollar.

۳. فلزات گرانبها و کالاها

فلزات گرانبها

طلای اسپات (XAU/USD): $5,170.44, up 0.57%. Gold continues to demonstrate strong technical support above the $5,100 level.
نقره اسپات (XAG/USD): $84.1347, up 0.71%. Silver’s gains are outpacing gold, reflecting a dual dynamic between its industrial demand profile and precious metals premium.

کالاها

WTI Crude (XTI/USD): $75.82, down 0.42%. Oil prices faced resistance near $75, as supply increase expectations compete with slowing global manufacturing demand.

۴. دارایی‌های رمزنگاری‌شده و تحولات کلان

بیت کوین (BTC/USD): $72,851, up 0.22%. Following a notable technical pullback, Bitcoin has entered a consolidation phase. Markets are reassessing risk appetite for digital assets in a higher-rate environment.
اتریوم (ETH/USD): $2,128.8, up 0.04%. Price action has flattened, with intraday volatility narrowing as the Ethereum ecosystem currently lacks near-term macro catalysts.

۵. تمرکز امروز