{"id":4056,"date":"2026-02-24T17:23:23","date_gmt":"2026-02-24T06:23:23","guid":{"rendered":"https:\/\/www.amillex.com\/?p=4056"},"modified":"2026-02-24T17:23:25","modified_gmt":"2026-02-24T06:23:25","slug":"amillex-daily-market-commentary-policy-uncertainty-returns-as-a-catalyst-gold-bulls-restart-rally-toward-three-week-highs","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2026\/02\/24\/amillex-daily-market-commentary-policy-uncertainty-returns-as-a-catalyst-gold-bulls-restart-rally-toward-three-week-highs\/","title":{"rendered":"Commentaire quotidien d&#039;Amillex sur les march\u00e9s | L&#039;incertitude politique fait son retour comme catalyseur, les acheteurs d&#039;or relancent la hausse vers des sommets en trois semaines\u00a0"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-a372ad459b021906d2eb73164087c2e5\" style=\"font-size:18px\">24 f\u00e9vrier 2026 \u2013 Le cours de l&#039;or au comptant s&#039;\u00e9tablissait autour de 5\u00a0240 USD en d\u00e9but de s\u00e9ance asiatique, prolongeant la forte dynamique haussi\u00e8re observ\u00e9e lundi. L&#039;aversion au risque s&#039;est accentu\u00e9e sur les march\u00e9s apr\u00e8s que le pr\u00e9sident am\u00e9ricain, suite au rejet par la Cour supr\u00eame de sa proposition initiale, a rapidement annonc\u00e9 une hausse temporaire des droits de douane \u00e0 151\u00a0030 dollars. Ce revirement soudain a imm\u00e9diatement d\u00e9clench\u00e9 une demande massive de valeurs refuges.&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-b39e6b65deaa15fcaaafbaf7a120ff5f\" style=\"font-size:18px\">Apr\u00e8s avoir enregistr\u00e9 un gain de 2,51 billions de dollars lundi, l&#039;or au comptant a bri\u00e8vement franchi la barre des 5\u00a0250 dollars en d\u00e9but de s\u00e9ance aujourd&#039;hui, atteignant son plus haut niveau depuis la forte baisse du 30 janvier. Parall\u00e8lement, les contrats \u00e0 terme sur l&#039;or am\u00e9ricain pour livraison en avril ont \u00e9galement fortement progress\u00e9, s&#039;\u00e9tablissant \u00e0 5\u00a0225,60 dollars. Les revirements politiques r\u00e9p\u00e9t\u00e9s et la reprise des tensions tarifaires constituent le principal facteur incitant les capitaux \u00e0 se tourner massivement vers l&#039;or, valeur refuge par excellence.&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-b2cc76ebdf176967d4a8d9fc8a9f593f\" style=\"font-size:18px\">La hausse actuelle refl\u00e8te essentiellement une lib\u00e9ration concentr\u00e9e des risques d&#039;incertitude mondiale, soutenue par un durcissement des conditions g\u00e9opolitiques et des anticipations de baisse des taux d&#039;int\u00e9r\u00eat r\u00e9els, constituant ainsi un double facteur puissant pour les cours de l&#039;or.&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-919558e8bbe7b34fe6454b262d30d05e\" style=\"font-size:18px\"><strong>1. March\u00e9 boursier am\u00e9ricain<\/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-01e6e51e83acc25c4e8fbbe8e0e9235f\" style=\"font-size:18px\"><strong>Indice industriel Dow Jones (DJI) :<\/strong>\u00a048 804,06,\u00a0<strong>baisse de 1,66%<\/strong>\u00a0<br>En tant qu&#039;indice de r\u00e9f\u00e9rence des valeurs de base, le Dow Jones a connu une forte baisse, refl\u00e9tant les inqui\u00e9tudes croissantes concernant la hausse des co\u00fbts industriels et le ralentissement de la croissance macro\u00e9conomique.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-bfcbad0d8b5f30fce5d2c1435dddbfac\" style=\"font-size:18px\"><strong>S&amp;P 500 (SP500) :<\/strong>\u00a06 850,29,\u00a0<strong>jusqu&#039;\u00e0 0,04%<\/strong>\u00a0<br>Le sentiment du march\u00e9 est rest\u00e9 tr\u00e8s partag\u00e9, les performances mitig\u00e9es des valeurs vedettes maintenant les gains globaux quasiment stables.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-862b9a994d1dcca92ef63e5a2d3752ad\" style=\"font-size:18px\"><strong>Nasdaq 100 (NQ1) :<\/strong>\u00a024 798,50,\u00a0<strong>jusqu&#039;\u00e0 0,14%<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-801803788be11bedf11b43cb48525bad\" style=\"font-size:18px\"><strong>Focus sur les actions<\/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-0dd4b644b38d4e2ff3552ea1e74ffcb4\" style=\"font-size:18px\"><strong>Tesla (TSLA) :<\/strong>\u00a0399,83 USD,\u00a0<strong>en baisse de 2,91%.\u00a0<\/strong>Le cours de l&#039;action est tomb\u00e9 sous le seuil psychologique des 400 dollars, soulignant la pression sur la valorisation des valeurs de croissance de base dans un contexte de liquidit\u00e9s plus restreintes et d&#039;aversion croissante au risque.\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-f7397c4fcc210b1bc8b1b9f1722c1d25\" style=\"font-size:18px\"><strong>2. March\u00e9 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-2f9810ab6f022ab16e5b7d85987953ca\" style=\"font-size:18px\"><strong>Indice du dollar am\u00e9ricain (DXY) :<\/strong>\u00a097,875,\u00a0<strong>jusqu&#039;\u00e0 0,18%.\u00a0<\/strong>Le dollar est rest\u00e9 ferme alors que les march\u00e9s r\u00e9\u00e9valuaient leurs anticipations de resserrement de la politique mon\u00e9taire de la Fed, un soutien politique important maintenant l&#039;indice stable autour du niveau de 98.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-344684b73f97e7625f553e88420c3757\" style=\"font-size:18px\"><strong>USD\/JPY :<\/strong>\u00a0155,125,\u00a0<strong>jusqu&#039;\u00e0 0,31%.\u00a0<\/strong>Les \u00e9carts de taux d&#039;int\u00e9r\u00eat persistants ont continu\u00e9 \u00e0 exercer une pression sur le yen, poussant la paire au-dessus de 155 et suscitant des inqui\u00e9tudes quant aux risques de contagion \u00e0 la d\u00e9pr\u00e9ciation des devises asiatiques.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-9aa91aacbcbcc99060b827fec5f3a066\" style=\"font-size:18px\"><strong>EUR\/USD :<\/strong>\u00a01,17723,\u00a0<strong>baisse de 0,11%.\u00a0<\/strong>L&#039;euro est rest\u00e9 faible face \u00e0 la vigueur du dollar et \u00e0 des fondamentaux relativement fragiles de la zone euro, manquant d&#039;\u00e9lan pour une perc\u00e9e haussi\u00e8re significative.\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-ce557f1ef749ed7bb581e3e69dfa7266\" style=\"font-size:18px\"><strong>Or au comptant (XAUUSD) :<\/strong>\u00a05 155,24 USD\/oz,\u00a0<strong>en baisse de 1,37%.\u00a0<\/strong>L&#039;or a fortement recul\u00e9 apr\u00e8s avoir \u00e9chou\u00e9 \u00e0 se maintenir au-dessus de 5\u00a0200\u00a0USD, principalement en raison de la force du dollar et des prises de b\u00e9n\u00e9fices \u00e0 court terme suite \u00e0 l&#039;augmentation des primes des valeurs refuges.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-444a0be7d38d284a07bab81b2e77a287\" style=\"font-size:18px\"><strong>Argent au comptant (XAGUSD) :<\/strong>\u00a085,51 USD\/oz,\u00a0<strong>en baisse de 3,03%.\u00a0<\/strong>L&#039;argent a subi des pertes plus importantes, plomb\u00e9 par la faiblesse de l&#039;or et la r\u00e9vision \u00e0 la baisse des pr\u00e9visions concernant la demande industrielle future.\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-f6e30056771848434498c9dcdddfc2d3\" style=\"font-size:18px\"><strong>P\u00e9trole brut (XTIUSD) :<\/strong>\u00a066,26 USD\/baril,\u00a0<strong>baisse de 0,24%.\u00a0<\/strong>Les prix du p\u00e9trole sont rest\u00e9s stables \u00e0 des niveaux bas. Si les risques g\u00e9opolitiques soutiennent la baisse, le ralentissement des perspectives de croissance mondiale continue de limiter le potentiel de hausse.\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-d532b64c1e575daf8e2c7edb10fc8fcd\" style=\"font-size:18px\"><strong>4. 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-e1d8d136ea6dec941fbe5b43f5680d43\" style=\"font-size:18px\"><strong>Bitcoin (BTCUSD) :<\/strong>\u00a064 341 USD,\u00a0<strong>baisse de 0,45%.\u00a0<\/strong>Apr\u00e8s avoir \u00e9chou\u00e9 \u00e0 progresser davantage, le Bitcoin est entr\u00e9 dans une phase de consolidation, avec des flux de capitaux prudents et une attention technique port\u00e9e au support proche de 64 000 USD.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-6b171eb511ed355a6461c4ca2427779b\" style=\"font-size:18px\"><strong>Ethereum (ETHUSD) :<\/strong>\u00a01 846,8 USD,\u00a0<strong>baisse de 0,48%.\u00a0<\/strong>L&#039;ETH a l\u00e9g\u00e8rement sous-perform\u00e9, refl\u00e9tant une tarification des risques plus stricte des jetons de l&#039;\u00e9cosyst\u00e8me dans un contexte d&#039;incertitude macro\u00e9conomique.\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-ae24d45fd84d7d852c2921fdd5d85b9c\" style=\"font-size:18px\"><strong>5. Le th\u00e8me 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-950600d871113223ecf78ad77ae13c1e\" style=\"font-size:18px\">Discours de la pr\u00e9sidente de la BCE, Christine Lagarde\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-d5bc153d37b323ae2fbb1377a951511c\" style=\"font-size:18px\">Discours du gouverneur de la R\u00e9serve f\u00e9d\u00e9rale, Waller\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-958f5fd338c814f9f058a5352ee9b53a\" style=\"font-size:18px\">Indice de confiance des consommateurs du Conference Board am\u00e9ricain (f\u00e9vrier)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-a6a555890a45302e36c5f5cd966826d3\" style=\"font-size:18px\">Indice manufacturier am\u00e9ricain de la R\u00e9serve f\u00e9d\u00e9rale de Richmond (f\u00e9vrier)\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><\/p>","protected":false},"excerpt":{"rendered":"<p>24 February 2026&nbsp;\u2013 Spot gold traded around&nbsp;USD 5,240&nbsp;in early Asian session, extending Monday\u2019s strong upward momentum. Market risk-off sentiment surged after the US President, following the Supreme Court\u2019s rejection of his earlier proposal, quickly announced a&nbsp;temporary increase in tariffs to 15%. This sudden policy reversal&nbsp;immediately&nbsp;ignited safe-haven demand.&nbsp; After recording a&nbsp;2.5% gain on Monday, spot gold [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":4053,"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-4056","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\/4056","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=4056"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4056\/revisions"}],"predecessor-version":[{"id":4057,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4056\/revisions\/4057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/4053"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=4056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=4056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=4056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}