{"id":3684,"date":"2026-01-28T16:32:41","date_gmt":"2026-01-28T05:32:41","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3684"},"modified":"2026-01-28T16:32:42","modified_gmt":"2026-01-28T05:32:42","slug":"amillex-daily-market-commentary-gold-charges-toward-the-5200-level-as-multiple-tailwinds-ignite-safe-haven-frenzy","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2026\/01\/28\/amillex-daily-market-commentary-gold-charges-toward-the-5200-level-as-multiple-tailwinds-ignite-safe-haven-frenzy\/","title":{"rendered":"Commentaire quotidien d&#039;Amillex sur les march\u00e9s | L&#039;or fonce vers les 5\u00a0200 $ port\u00e9 par de multiples facteurs favorables qui alimentent la fr\u00e9n\u00e9sie des valeurs refuges\u00a0"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-da9a5c8ae0f3576bb320aa5b2738b723\" style=\"font-size:18px\">Le 28 janvier 2026, la prudence des investisseurs s&#039;est \u00e0 nouveau manifest\u00e9e \u00e0 l&#039;\u00e9chelle mondiale, sur fond de multiples crises convergentes. Le cours de l&#039;or au comptant a fortement progress\u00e9 en s\u00e9ance, atteignant environ 5\u00a0167 dollars l&#039;once, et a \u00e9tabli mardi un nouveau record historique \u00e0 5\u00a0190,20 dollars, visant directement le seuil psychologique des 5\u00a0200 dollars. Depuis le d\u00e9but de l&#039;ann\u00e9e, l&#039;or a gagn\u00e9 19,561 billions de dollars, prolongeant ainsi la spectaculaire hausse de l&#039;ann\u00e9e derni\u00e8re. Face \u00e0 la mont\u00e9e des risques de paralysie du gouvernement am\u00e9ricain, \u00e0 la volatilit\u00e9 accrue du dollar suite \u00e0 certaines d\u00e9clarations et \u00e0 l&#039;escalade marqu\u00e9e des tensions g\u00e9opolitiques depuis vendredi dernier, les capitaux institutionnels affluent vers les m\u00e9taux pr\u00e9cieux \u00e0 un rythme sans pr\u00e9c\u00e9dent, en qu\u00eate d&#039;une valeur refuge absolue dans un contexte d&#039;incertitude macro\u00e9conomique.&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-2fa1a4843ed5ebd86bef923263006752\" style=\"font-size:18px\">Sur le plan macro\u00e9conomique, l&#039;attention des march\u00e9s est enti\u00e8rement tourn\u00e9e vers la premi\u00e8re r\u00e9union de politique mon\u00e9taire de la R\u00e9serve f\u00e9d\u00e9rale pour cette nouvelle ann\u00e9e. Bien que la Fed ait d\u00e9j\u00e0 proc\u00e9d\u00e9 \u00e0 des baisses de taux cumul\u00e9es de 75 points de base depuis le second semestre de l&#039;ann\u00e9e derni\u00e8re, ramenant les taux dans la fourchette 3,5%\u20133,75%, la stabilisation du march\u00e9 du travail et la persistance de l&#039;inflation incitent les march\u00e9s \u00e0 anticiper une pause cette semaine. Cette situation place les actifs \u00e0 un tournant d\u00e9cisif pour une r\u00e9\u00e9valuation en profondeur.&nbsp;<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-align-center has-black-color has-text-color has-link-color wp-elements-949931cef3ef84db8e336ee81a9dc764\" style=\"font-size:20px\"><strong>Performance des actifs et aper\u00e7u fondamental<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-886757c2f4fa2629eded2bc0941eb3e0\" style=\"font-size:18px\"><strong>1. March\u00e9s boursiers am\u00e9ricains<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-11a8b7ba65f6a75934a331b5b63d7d73\" style=\"font-size:18px\"><strong>Performance de l&#039;indice<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-af5fe98a18a40569ab820ffd02c6e1b5\" style=\"font-size:18px\"><strong>Indice Dow Jones\u00a0:<\/strong>\u00a0Se n\u00e9gociant autour de 49 003, en dessous du niveau de 49 400, avec des actions de poids lourds telles que UnitedHealth affichant de fortes baisses et pesant sur les valeurs vedettes ax\u00e9es sur la valeur.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-e3e14631299a6d1cd121161490eaaa53\" style=\"font-size:18px\"><strong>Indice S&amp;P 500\u00a0:<\/strong>\u00a0Se maintenant aux alentours de 6\u00a0991, approchant le seuil des 7\u00a0000, cela refl\u00e8te la recherche continue par le march\u00e9 de perc\u00e9es haussi\u00e8res dans un contexte de volatilit\u00e9, soutenue par les grands noms de la technologie.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-30a279fd2182db26b9cbf826e99bd316\" style=\"font-size:18px\"><strong>Indice Nasdaq\u00a0:\u00a0<\/strong>Elle se situe \u00e0 environ 26 144 et reste relativement forte, b\u00e9n\u00e9ficiant principalement des rachats de positions courtes avant la publication des r\u00e9sultats sur les actions des semi-conducteurs et les poids lourds de l&#039;IA.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-8d715533c6ec58385a9f16bb657d1e8f\" style=\"font-size:18px\"><strong>Mise en avant de l&#039;action<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-bf4ad4e07ba9412a8def01faae36b1ca\" style=\"font-size:18px\"><strong>Tesla (TSLA) :\u00a0<\/strong>Le titre se n\u00e9gocie actuellement autour de 430 USD. \u00c0 ce stade, sa valeur est davantage tir\u00e9e par le concept de \u00ab\u00a0robotaxis\u00a0\u00bb et la vision plus large de l&#039;intelligence artificielle que par les ventes de v\u00e9hicules. Si les pr\u00e9visions publi\u00e9es apr\u00e8s la cl\u00f4ture ne r\u00e9servent aucune surprise, le niveau de support de 430 USD sera mis \u00e0 rude \u00e9preuve.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-eadfdda4343d0f76fb24d4232b97bb47\" style=\"font-size:18px\"><strong>2. March\u00e9s des changes<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-4f3178087fba706292ae37e297de26f8\" style=\"font-size:18px\"><strong>DXY :<\/strong>\u00a0Le cours se n\u00e9gocie autour de 95,82, affichant un net repli et passant sous le seuil de 96. Ceci refl\u00e8te une r\u00e9\u00e9valuation g\u00e9n\u00e9ralis\u00e9e de la prime de risque du dollar.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-df870c6f2f831fe6456d7ea1f3b19f89\" style=\"font-size:18px\"><strong>USD\/JPY : <\/strong>La paire s&#039;\u00e9changeait aux alentours de 152,56 yens. Apr\u00e8s un fort rebond en d\u00e9but de s\u00e9ance, elle a rapidement recul\u00e9 du niveau de 154 vers la zone des 152.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-6cce91c91d38c856fbb75cfab1105fb2\" style=\"font-size:18px\"><strong>EUR\/USD : <\/strong>L&#039;euro s&#039;\u00e9changeait autour de 1,2019, apr\u00e8s avoir franchi avec succ\u00e8s le seuil psychologique cl\u00e9 de 1,20. Bien que les fondamentaux \u00e9conomiques europ\u00e9ens ne se soient pas encore pleinement am\u00e9lior\u00e9s, le resserrement des \u00e9carts de taux entre les \u00c9tats-Unis et l&#039;UE et un rebond technique apr\u00e8s une p\u00e9riode de survente ont renforc\u00e9 la dynamique \u00e0 court terme de l&#039;euro.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-ff6a8b443a8bd973ca90a6f1108af1cf\" style=\"font-size:18px\"><strong>3. M\u00e9taux pr\u00e9cieux et mati\u00e8res premi\u00e8res<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-c39cbaecb9bf76e699535ea0988df6dd\" style=\"font-size:18px\"><strong>M\u00e9taux pr\u00e9cieux<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-b4a6c521ceb8fcafa85a2663e0431fb2\" style=\"font-size:18px\"><strong>Or au comptant (XAUUSD) :\u00a0<\/strong>L&#039;or s&#039;\u00e9change actuellement \u00e0 5\u00a0161 dollars l&#039;once, apr\u00e8s avoir atteint un plus haut intraday de 5\u00a0190 dollars. \u00c0 l&#039;approche de la fin janvier, il confirme sa remarquable domination. Apr\u00e8s avoir franchi la barre des 5\u00a0100 dollars, le march\u00e9 n&#039;a pas connu les prises de b\u00e9n\u00e9fices attendues\u00a0; au contraire, les cours continuent leur progression vers les 5\u00a0200 dollars.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-9c158b31752126cc173f03b2e6805bc4\" style=\"font-size:18px\"><strong>Argent au comptant (XAGUSD) :\u00a0<\/strong>L&#039;argent s&#039;\u00e9change \u00e0 112 dollars l&#039;once. Non seulement il a solidement \u00e9tabli le seuil des 100 dollars comme \u00ab nouvelle norme \u00bb, mais il a \u00e9galement bondi directement \u00e0 112 dollars cette semaine, surpassant largement l&#039;or.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-9475610fc825ef459f8fc74a4c4a5372\" style=\"font-size:18px\"><strong>mati\u00e8res premi\u00e8res<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-da0cb658b127436d01cee7e4fe3735c2\" style=\"font-size:18px\"><strong>P\u00e9trole brut WTI (XTIUSD) :\u00a0<\/strong>Le prix du p\u00e9trole s&#039;\u00e9tablit \u00e0 62,55 dollars le baril. Apr\u00e8s s&#039;\u00eatre affranchi de la consolidation autour de 60 dollars, il a franchi la barre des 62 dollars.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-16a181206e08b0b26ef26eea35efaffe\" style=\"font-size:18px\"><strong>4.&nbsp;<\/strong><strong>Actifs crypto et \u00e9volutions macro\u00e9conomiques<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-cf0d7bc0f0c2104852b0e7a03b63cf87\" style=\"font-size:18px\"><strong>Bitcoin (BTC) :\u00a0<\/strong>Le Bitcoin s&#039;\u00e9change \u00e0 89\u00a0143 dollars. Apr\u00e8s avoir consolid\u00e9 \u00e0 plusieurs reprises au-dessus de 88\u00a0000 dollars, il a repris de la vigueur aujourd&#039;hui et tente \u00e0 nouveau de franchir la barre des 90\u00a0000 dollars.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-820f42348e8dabe09bdee95ca310976d\" style=\"font-size:18px\"><strong>Ethereum (ETH) :\u00a0<\/strong>L&#039;Ethereum s&#039;\u00e9change \u00e0 3\u00a0020\u00a0USD. Il a r\u00e9alis\u00e9 une performance remarquable, repassant enfin la barre des 3\u00a0000\u00a0USD. Ce seuil psychologique important franchi, la structure technique de l&#039;ETH s&#039;est nettement am\u00e9lior\u00e9e.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-b7ddeeef7c2ae91c154e255ccb3cf5b3\" style=\"font-size:18px\"><strong>5.&nbsp;<\/strong><strong>Focus du jour<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-54e33cbf0947e7a1661a7cdf3aeab847\" style=\"font-size:18px\">Indice des prix \u00e0 la consommation (IPC) de d\u00e9cembre en Australie (variation mensuelle)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-3ffcdb0c83f4ff53d1ae7b136f383500\" style=\"font-size:18px\">Indice des prix \u00e0 la consommation (IPC) de l&#039;Australie en d\u00e9cembre (variation annuelle)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-de9e00f8299e664e0aa237ba61fe386d\" style=\"font-size:18px\">Australie, IPC moyen corrig\u00e9 du 4e trimestre (variation mensuelle)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-f4d0fb45a5f6db1c8b05effa115a1753\" style=\"font-size:18px\">Rapport sur la politique mon\u00e9taire de la Banque du Canada\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-79132e3d186cc21189b759728dd36a24\" style=\"font-size:18px\">D\u00e9claration sur les taux d&#039;int\u00e9r\u00eat de la Banque du Canada\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-5ba2c64c2109a5d580ab69b88bc90bbd\" style=\"font-size:18px\">D\u00e9cision de la Banque du Canada concernant le taux directeur en date du 28 janvier\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-ae722c521d44c8b875a518f0e29e71d3\" style=\"font-size:18px\">Conf\u00e9rence de presse du gouverneur de la Banque du Canada\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-1cdc2102bbd3d5f68736cfb4c78c72c8\" style=\"font-size:18px\">Conf\u00e9rence de presse du pr\u00e9sident de la R\u00e9serve f\u00e9d\u00e9rale am\u00e9ricaine\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-10cd75d3f503f2adf02b701fed325afa\" style=\"font-size:18px\">D\u00e9claration de politique mon\u00e9taire du FOMC de la R\u00e9serve f\u00e9d\u00e9rale am\u00e9ricaine\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>","protected":false},"excerpt":{"rendered":"<p>On January 28, 2026, global risk-off sentiment surged once again as multiple crises converged. Spot gold rallied strongly intraday to around USD 5,167 per ounce, and on Tuesday decisively set a new historical high at USD 5,190.20, aiming squarely at the psychological USD 5,200 milestone. Year to date, gold has gained 19.56%, extending last year\u2019s [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":3681,"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":"","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-3684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/comments?post=3684"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3684\/revisions"}],"predecessor-version":[{"id":3685,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3684\/revisions\/3685"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/3681"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=3684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=3684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=3684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}