On March 6, 2026, global financial markets experienced sharp volatility as complex macroeconomic forces continued to shape investor sentiment. During Thursday’s U.S. trading session, a surge in energy costs reignited concerns about a potential rebound in inflation. U.S. crude oil prices jumped nearly 4% in a single day, climbing back to around $79.25 per barrel.
This development significantly weakened market expectations for near-term Federal Reserve rate cuts, while the U.S. Dollar Index strengthened by 0.5%. Under the pressure of multiple negative factors, spot gold faced heavy selling, dropping sharply from the intraday high of $5,194.59 to around $5,086 per ounce.
Looking ahead, the short-term narrative for the precious metals market has shifted from pure risk sentiment to a deeper tug-of-war between inflation pressure and interest rate expectations. Market attention is now firmly focused on the upcoming U.S. February employment report.
Market Performance & Fundamental Analysis
1. U.S. Stock Market
Performance de l'indice
- Indice industriel Dow Jones (DJI) : Fermé à 47,954.74, vers le bas 1.61% on the day.
- S&P 500 (SP500) : Fermé à 6,837.41, en haut 0,24%. The index showed resilience above the 6,800 level, although performance among constituent stocks remained highly mixed.
- Nasdaq 100 (NQ1) : Fermé à 25,073.25, en haut 0,09%. Technology stocks are currently trading in a high-level consolidation phase as markets price in the potential impact of upcoming inflation data on valuations.
Mise en avant de l'action
- Tesla (TSLA) : Fermé à $405.55, vers le bas 0,10%. With policy clarity and global demand variables still being digested by the market, the stock currently lacks strong momentum for a decisive breakout.
2. Marché des changes
- Indice du dollar américain (DXY) : Currently at 99.061, en haut 0.29% on the day. A more hawkish tone from the Federal Reserve has led markets to revise rate-cut expectations, supporting the dollar around the 99 level.
- USD/JPY : Trading at 157.505, vers le bas 0,03%. The pair remains range-bound around the 157 level amid ongoing speculation about the Bank of Japan’s potential policy normalization.
- EUR/USD : Trading at 1.16094, slightly up 0,01%. The euro remains relatively weak against the stronger U.S. dollar, with fundamentals constrained by the slow pace of economic recovery in Europe.
3. Métaux précieux et matières premières
Métaux précieux
- Or au comptant (XAUUSD) : Trading around $5,084.85 per ounce, en haut 0,07% on the day. Gold continues to show strong resilience despite recent selling pressure.
- Argent au comptant (XAGUSD) : Trading at $82.98 per ounce, en haut 0,90%. Silver is showing stronger momentum than gold, supported by both industrial demand and safe-haven buying, keeping prices firmly above the $80 level.
matières premières
- Pétrole brut (XTIUSD) : Trading at $78.98 per barrel, en haut 0,03%. Oil prices are currently consolidating just below the $79 level.
4. Actifs crypto et évolutions macroéconomiques
- Bitcoin (BTCUSD) : Trading at $70,929, en haut 0.05% on the day. Bitcoin remains in a low-volume consolidation above the $70,000 level, reflecting a cautious stance from institutional investors amid tightening global liquidity.
- Ethereum (ETHUSD) : Trading at $2,070.8, vers le bas 0,12%. Ethereum continues to underperform Bitcoin, as investors favor assets perceived as more reliable stores of value.
5. Le thème du jour
United States
- February Average Hourly Earnings (MoM)
- February Core Retail Sales (MoM)
- February Nonfarm Payrolls (NFP)
- February Unemployment Rate
- February Retail Sales (MoM)
Canada
- February Ivey PMI