{"id":4220,"date":"2026-03-12T18:14:21","date_gmt":"2026-03-12T07:14:21","guid":{"rendered":"https:\/\/www.amillex.com\/?p=4220"},"modified":"2026-03-12T18:14:22","modified_gmt":"2026-03-12T07:14:22","slug":"amillex-daily-market-commentary-gold-oil-locked-in-an-intense-tug-of-war","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2026\/03\/12\/amillex-daily-market-commentary-gold-oil-locked-in-an-intense-tug-of-war\/","title":{"rendered":"Commentaire quotidien d&#039;Amillex sur les march\u00e9s | L&#039;or et le p\u00e9trole se livrent \u00e0 un intense bras de fer\u00a0"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-42db70d3f565c4fe491608c5ddad05b8\" style=\"font-size:18px\"><strong>12 mars 2026, g<\/strong>Les march\u00e9s financiers mondiaux ont connu une forte volatilit\u00e9 aujourd&#039;hui, sous l&#039;effet de la convergence de plusieurs facteurs macro\u00e9conomiques. En d\u00e9but de s\u00e9ance asiatique jeudi, le cours de l&#039;or au comptant oscillait autour de $5\u00a0152 dollars l&#039;once, dans un bras de fer serr\u00e9 entre acheteurs et vendeurs.&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-d08364cbb8d5748183d61e2d31019c1b\" style=\"font-size:18px\">D&#039;une part, les derni\u00e8res donn\u00e9es de l&#039;IPC am\u00e9ricain publi\u00e9es hier sont rest\u00e9es stables \u00e0 2,4%, ce qui sugg\u00e8re une inflation relativement stable. D&#039;autre part, les inqui\u00e9tudes persistantes quant \u00e0 une possible reprise de l&#039;inflation ont l\u00e9g\u00e8rement fait grimper les anticipations de taux d&#039;int\u00e9r\u00eat, contribuant \u00e0 la hausse de l&#039;indice du dollar am\u00e9ricain d&#039;environ 0,4%, ce qui exerce une pression directe sur les cours de l&#039;or.&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-043b4165102e17bc1d9c426361eb8a5f\" style=\"font-size:18px\">Parall\u00e8lement, l&#039;escalade des tensions avec l&#039;Iran a engendr\u00e9 une crise croissante de la s\u00e9curit\u00e9 maritime dans le d\u00e9troit d&#039;Ormuz. Selon les informations disponibles, 14 navires ont \u00e9t\u00e9 attaqu\u00e9s, perturbant pr\u00e8s d&#039;un cinqui\u00e8me des exportations mondiales de p\u00e9trole.&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-2232ca2acba849fced204664915f5ec6\" style=\"font-size:18px\">Le march\u00e9 p\u00e9trolier, en revanche, a r\u00e9agi avec une vigueur bien plus marqu\u00e9e. Le prix du p\u00e9trole brut am\u00e9ricain se maintient actuellement au-dessus de 1\u00a0400\u00a0000 $ le baril, apr\u00e8s avoir bondi de pr\u00e8s de 5\u00a0100\u00a0000 $ mercredi. Les craintes concernant l&#039;approvisionnement se sont encore intensifi\u00e9es suite aux avertissements des autorit\u00e9s iraniennes, selon lesquels le monde devait se pr\u00e9parer \u00e0 une flamb\u00e9e des prix du p\u00e9trole atteignant 1\u00a0400\u00a0000 $ le baril, ravivant ainsi les inqui\u00e9tudes quant \u00e0 l&#039;approvisionnement \u00e9nerg\u00e9tique mondial. \u00c0 court terme, l&#039;envol\u00e9e des prix de l&#039;\u00e9nergie pourrait devenir un facteur d\u00e9terminant des anticipations d&#039;inflation mondiale.&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-907c6b8d892f56371e495ddab52359aa\" style=\"font-size:20px\"><strong>Performance du march\u00e9 et aper\u00e7u fondamental<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-331fa4b2203a1d442f8a55be878210d5\" 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-6afa47dda7422f134672ee5ec2f87e9d\" style=\"font-size:18px\"><strong>Indice industriel Dow Jones (DJI)<\/strong>\u00a0<br>47 417,27 |\u00a0<strong>-0,61%<\/strong>\u00a0<br>Les valeurs de rendement ont recul\u00e9 face \u00e0 la mont\u00e9e du sentiment d\u00e9fensif, ramenant l&#039;indice sous la barre des 10\u00a0000.\u00a0<strong>47 500<\/strong>\u00a0niveau psychologique.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-9f4c17a798c4c5dc80b47a4cc3259fe5\" style=\"font-size:18px\"><strong>S&amp;P 500 (SP500)<\/strong>\u00a0<br>6 727,26 |\u00a0<strong>-0,59%<\/strong>\u00a0<br>L&#039;indice rencontre une r\u00e9sistance au-dessus de la limite.\u00a0<strong>6 700<\/strong>, l\u2019app\u00e9tit pour le risque des investisseurs s\u2019affaiblissant face aux fluctuations des anticipations d\u2019inflation.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-35a4503923eda65c0003ab3278ddcf2d\" style=\"font-size:18px\"><strong>Nasdaq 100 (NQ)<\/strong>\u00a0<br>24 759,00 |\u00a0<strong>-0,90%<\/strong>\u00a0<br>Indice sensible aux taux d&#039;int\u00e9r\u00eat, le Nasdaq a enregistr\u00e9 la plus forte baisse, refl\u00e9tant les inqui\u00e9tudes du march\u00e9 quant au resserrement des liquidit\u00e9s et \u00e0 l&#039;\u00e9volution des taux d&#039;int\u00e9r\u00eat \u00e0 long terme.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-fbf6cd4918b5276ad0b01b48acff3549\" 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-9e25e3fb82392b5bd5f7d8b14cf410b3\" style=\"font-size:18px\"><strong>Tesla (TSLA)\u00a0<\/strong><br>$407.82 | +2.15%\u00a0<br>Malgr\u00e9 la faiblesse g\u00e9n\u00e9rale du march\u00e9, Tesla a progress\u00e9 \u00e0 contre-courant, soutenue par de fortes perspectives de croissance et l&#039;optimisme du secteur, affichant une performance alpha remarquable.\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-8f1356f5246c0dcf79654f293a0a44f7\" style=\"font-size:18px\"><strong>Indice du dollar am\u00e9ricain (DXY)<\/strong>\u00a0<br>99.439 |\u00a0<strong>+0,19%<\/strong>\u00a0<br>Le dollar a repris de la vigueur, se rapprochant de\u00a0<strong>100<\/strong>\u00a0niveau, soutenu par des donn\u00e9es r\u00e9centes\u00a0<strong>Des signaux fermes de la R\u00e9serve f\u00e9d\u00e9rale<\/strong>\u00a0et la demande de valeurs refuges dans un contexte d&#039;incertitude mondiale.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-2e07320aea224dd55f49a4d6eeaefb21\" style=\"font-size:18px\"><strong>USD\/JPY<\/strong>\u00a0<br>159.15 |\u00a0<strong>+0,13%<\/strong>\u00a0<br>Pouss\u00e9 par l&#039;\u00e9largissement\u00a0<strong>Diff\u00e9rentiels de rendement entre les \u00c9tats-Unis et le Japon<\/strong>, Le yen reste faible et continue de fluctuer pr\u00e8s du niveau de change.\u00a0<strong>160<\/strong>\u00a0niveau.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-990185e42c928c5cae97f6c58374664c\" style=\"font-size:18px\"><strong>EUR\/USD<\/strong>\u00a0<br>1.1543 |\u00a0<strong>-0,20%<\/strong>\u00a0<br>L&#039;euro reste sous pression en raison de la vigueur du dollar et de la faible croissance europ\u00e9enne, testant \u00e0 plusieurs reprises un support proche de 100 \u00b0C.\u00a0<strong>1.15<\/strong>.\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-9f82e155dbf717f539697fc84fa43794\" 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-b298b5157c535cbf127ccb021ebcfe8c\" style=\"font-size:18px\"><strong>Or au comptant (XAUUSD)<\/strong>\u00a0<br>$5,155,98\/oz |\u00a0<strong>-0,40%<\/strong>\u00a0<br>Bien que les risques g\u00e9opolitiques demeurent \u00e9lev\u00e9s, le renforcement du dollar am\u00e9ricain et la persistance de rendements r\u00e9els \u00e9lev\u00e9s ont propuls\u00e9 l&#039;or vers une position de choix.\u00a0<strong>Consolidation lat\u00e9rale au-dessus de $5,150<\/strong>.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-eb93cd3dc2af79fd7be8af06aae70eb5\" style=\"font-size:18px\"><strong>Argent au comptant (XAGUSD)<\/strong>\u00a0<br>$85.535\/oz |\u00a0<strong>-0,26%<\/strong>\u00a0<br>La volatilit\u00e9 de l&#039;argent s&#039;est r\u00e9duite par rapport \u00e0 celle de l&#039;or alors que le march\u00e9 entre dans une phase de consolidation.\u00a0<strong>vide narratif temporaire<\/strong>.\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-5be4345570ffa3e2c27a756fc0c3c704\" style=\"font-size:18px\"><strong>P\u00e9trole brut (XTIUSD)<\/strong>\u00a0<br>$93.22\/baril |\u00a0<strong>+5,45%<\/strong>\u00a0<br>Les prix du p\u00e9trole ont connu un fort rebond, sous l&#039;impulsion de\u00a0<strong>Risques d&#039;approvisionnement au Moyen-Orient<\/strong>\u00a0et la hausse des primes g\u00e9opolitiques, faisant de l&#039;\u00e9nergie le\u00a0<strong>principal facteur d&#039;inflation dans le contexte macro\u00e9conomique actuel<\/strong>.\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-4a8c7058c83319af50feb7b30775f2e5\" style=\"font-size:18px\"><strong>4. March\u00e9 des cryptomonnaies 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-30dfe7a53528d0272599181e16d2544d\" style=\"font-size:18px\"><strong>Bitcoin (BTCUSD)<\/strong>\u00a0<br>$70,199 |\u00a0<strong>0,00%<\/strong>\u00a0<br>Le Bitcoin \u00e9volue dans une fourchette extr\u00eamement \u00e9troite pr\u00e8s de\u00a0<strong>$70 000 niveau psychologique<\/strong>, refl\u00e9tant une confrontation prudente entre haussiers et baissiers dans le contexte actuel des taux d&#039;int\u00e9r\u00eat.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-98b3a1ae800235b852a1cae45dfeb6ac\" style=\"font-size:18px\"><strong>Ethereum (ETHUSD)<\/strong>\u00a0<br>$2,053.1 |\u00a0<strong>+0,01%<\/strong>\u00a0<br>L&#039;ETH continue d&#039;afficher des performances inf\u00e9rieures \u00e0 celles des actifs tangibles traditionnels et du march\u00e9 en g\u00e9n\u00e9ral, la confiance des investisseurs restant suspendue \u00e0 de nouveaux catalyseurs provenant de d\u00e9veloppements de l&#039;\u00e9cosyst\u00e8me ou de changements de liquidit\u00e9.\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-4b1e22393af987582c76f22364a8b843\" style=\"font-size:18px\">Discours de\u00a0<strong>Le gouverneur de la Banque d&#039;Angleterre, Andrew Bailey<\/strong>\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-ff5dd37788ad640d8a471382e2ee29a4\" style=\"font-size:18px\"><strong>Demandes initiales d&#039;allocations ch\u00f4mage aux \u00c9tats-Unis<\/strong>\u00a0(semaine se terminant le 7 mars)\u00a0<\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>March&nbsp;12, 2026, global financial markets saw sharp volatility today as multiple macro narratives&nbsp;collided. In early Asian trading on Thursday, spot gold hovered around&nbsp;$5,152 per ounce, with bulls and bears locked in a tight standoff.&nbsp; On one hand, the latest U.S.&nbsp;CPI&nbsp;data released yesterday held steady at&nbsp;2.4%, suggesting inflation&nbsp;remains&nbsp;relatively stable. However, lingering concerns about potential inflation rebounds [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":4217,"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-4220","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\/4220","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=4220"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4220\/revisions"}],"predecessor-version":[{"id":4221,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4220\/revisions\/4221"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/4217"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=4220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=4220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=4220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}