{"id":4292,"date":"2026-03-26T19:40:21","date_gmt":"2026-03-26T08:40:21","guid":{"rendered":"https:\/\/www.amillex.com\/?p=4292"},"modified":"2026-03-26T19:40:22","modified_gmt":"2026-03-26T08:40:22","slug":"amillex-daily-market-commentary-gold-volatility-tests-4600-as-inflation-expectations-ease-but-tug-of-war-intensifies","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2026\/03\/26\/amillex-daily-market-commentary-gold-volatility-tests-4600-as-inflation-expectations-ease-but-tug-of-war-intensifies\/","title":{"rendered":"Commentaire quotidien d'Amillex sur les march\u00e9s | La volatilit\u00e9 de l'or teste le seuil de 4\u00a0600\u00a0$ ($4) alors que les anticipations d'inflation s'att\u00e9nuent, mais que les tensions s'intensifient\u00a0"},"content":{"rendered":"

26 mars 2026<\/strong> Les march\u00e9s mondiaux de l'or ont connu une nouvelle vague de forte volatilit\u00e9 mercredi 25 mars. Le cours de l'or au comptant a bondi de pr\u00e8s de 31\u00a0000\u00a0000\u00a0dollars en s\u00e9ance, testant bri\u00e8vement un seuil cl\u00e9. $4,600<\/strong> niveau avant de se replier sous la pression des prises de b\u00e9n\u00e9fices, cl\u00f4turant \u00e0 $4,506,49<\/strong>. <\/p>\n\n\n\n

Le principal moteur de cette \u00e9volution r\u00e9side dans l'\u00e9quilibre complexe que le march\u00e9 doit trouver entre risques macro\u00e9conomiques et anticipations d'inflation<\/strong>.D'une part, l'incertitude mondiale persistante continue d'alimenter la demande d'or, valeur refuge. D'autre part, les signaux \u00e9mis par les principaux pays producteurs de p\u00e9trole ont contribu\u00e9 \u00e0 limiter la hausse des prix du p\u00e9trole, apaisant les craintes d'une deuxi\u00e8me vague d'inflation et mod\u00e9rant indirectement les anticipations de hausses de taux plus importantes. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Aper\u00e7u du march\u00e9 et analyse fondamentale<\/strong> <\/p>\n\n\n\n

1. March\u00e9 des actions am\u00e9ricaines<\/strong> <\/p>\n\n\n\n

Performance de l'indice<\/strong> <\/p>\n\n\n\n

    \n
  • Dow Jones (DJI) :<\/strong>\u00a046\u00a0429,49 (+0,66%)\u00a0
    Les march\u00e9s dig\u00e8rent la d\u00e9cision de la R\u00e9serve f\u00e9d\u00e9rale, prise en mars, de maintenir les taux d'int\u00e9r\u00eat inchang\u00e9s.\u00a03,50%\u20133,75%<\/strong>.\u00a0\u00a0<\/li>\n\n\n\n
  • S&P 500 (SPX) :<\/strong>\u00a06\u00a0597,90 (0,00%)\u00a0
    Rotation continue entre les secteurs de croissance (technologie) et les secteurs d\u00e9fensifs.\u00a0\u00a0<\/li>\n\n\n\n
  • Nasdaq 100 (NQ) :<\/strong>\u00a024\u00a0398,25 (+0,13%)\u00a0
    Le soutien \u00e0 long terme des anticipations de productivit\u00e9 li\u00e9es \u00e0 l'IA reste intact, m\u00eame si la hausse des rendements obligataires limite le potentiel de croissance \u00e0 court terme.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n

    Focus sur les actions<\/strong> <\/p>\n\n\n\n

      \n
    • Tesla (TSLA) :<\/strong>\u00a0$385,95 (+0,76%)\u00a0
      L\u00e9g\u00e8re surperformance, les march\u00e9s int\u00e9grant dans les cours l'am\u00e9lioration de la demande et des perspectives de d\u00e9penses d'investissement pour le premier semestre 2026.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
      <\/div>\n\n\n\n

      2. March\u00e9 des changes<\/strong> <\/p>\n\n\n\n

        \n
      • Indice du dollar am\u00e9ricain (DXY) :<\/strong>\u00a099,683 (+0,05%)\u00a0
        Consolidation juste en dessous du\u00a0100<\/strong>\u00a0niveau, soutenu par des avantages relatifs en termes de rendement par rapport aux autres grandes devises.\u00a0\u00a0<\/li>\n\n\n\n
      • USD\/JPY :<\/strong>\u00a0159,464 (plat)\u00a0
        Le yen reste faible pr\u00e8s de\u00a0160<\/strong>, Les anticipations d'une hausse des taux de la Banque du Japon s'\u00e9loignent encore. Les risques d'intervention restent \u00e9lev\u00e9s.\u00a0\u00a0<\/li>\n\n\n\n
      • EUR\/USD :<\/strong>\u00a01,15548 (-0,03%)\u00a0
        L'euro reste faible, refl\u00e9tant les pressions sur les importations d'\u00e9nergie et un passage relativement plus pr\u00e9coce \u00e0 un assouplissement mon\u00e9taire par rapport \u00e0 la Fed.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
        <\/div>\n\n\n\n

        3. M\u00e9taux pr\u00e9cieux et mati\u00e8res premi\u00e8res<\/strong> <\/p>\n\n\n\n

        M\u00e9taux pr\u00e9cieux<\/strong> <\/p>\n\n\n\n

          \n
        • Or (XAU\/USD) :<\/strong>\u00a0$4,531,35 (+0,54%)\u00a0
          Apr\u00e8s avoir atteint des sommets historiques en janvier, l'or est entr\u00e9 dans une phase de correction \u00e0 moyen terme. Malgr\u00e9 des rendements r\u00e9els \u00e9lev\u00e9s, les risques g\u00e9opolitiques, notamment au Moyen-Orient, continuent de soutenir les prix au-dessus de $4,500.\u00a0\u00a0<\/li>\n\n\n\n
        • Argent (XAG\/USD) :<\/strong>\u00a0$71.72 (+0.66%)\u00a0
          L'argent pr\u00e9sente une \u00e9lasticit\u00e9 plus forte que l'or, en raison des anticipations de reprise de la demande industrielle et des contraintes d'approvisionnement physique.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n

          mati\u00e8res premi\u00e8res<\/strong> <\/p>\n\n\n\n

            \n
          • P\u00e9trole brut (WTI) :<\/strong>\u00a0$91,78 (+0,07%)\u00a0
            Le maintien au-dessus de $90 se justifie par la prise en compte, par les march\u00e9s, des risques g\u00e9opolitiques, notamment des perturbations potentielles dans le d\u00e9troit d'Ormuz et une offre restreinte de la part des principaux producteurs.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
            <\/div>\n\n\n\n

            4. March\u00e9 des cryptomonnaies<\/strong> <\/p>\n\n\n\n

              \n
            • Bitcoin (BTC) :<\/strong>\u00a0$71,331 (+0,04%)\u00a0
              Consolidation au-dessus de $70K \u00e0 mesure que le positionnement institutionnel se stabilise ; le march\u00e9 attend de nouveaux catalyseurs macro\u00e9conomiques.\u00a0\u00a0<\/li>\n\n\n\n
            • Ethereum (ETH) :<\/strong>\u00a0$2,167,9 (-0,01%)\u00a0
              Il continue de se n\u00e9gocier en dessous du niveau $2,200, affichant une performance inf\u00e9rieure \u00e0 celle de l'or et du Bitcoin.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
              <\/div>\n\n\n\n

              5. Point cl\u00e9 du jour<\/strong> <\/p>\n\n\n\n

                \n
              • Demandes initiales d'allocations ch\u00f4mage aux \u00c9tats-Unis\u00a0<\/li>\n<\/ul>\n\n\n\n
                <\/div>","protected":false},"excerpt":{"rendered":"

                March 26, 2026 \u2014 Global gold markets saw another round of sharp volatility on Wednesday (March 25). Spot gold surged nearly 3% intraday, briefly testing the key $4,600 level before pulling back under profit-taking pressure, closing at $4,506.49.  The core driver behind this move lies in the market\u2019s complex balancing act between macro risks and inflation expectations. On one hand, ongoing global uncertainty […]<\/p>\n","protected":false},"author":9,"featured_media":4294,"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-4292","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\/4292","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=4292"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4292\/revisions"}],"predecessor-version":[{"id":4293,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4292\/revisions\/4293"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/4294"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=4292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=4292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=4292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}