{"id":4300,"date":"2026-03-27T14:42:50","date_gmt":"2026-03-27T03:42:50","guid":{"rendered":"https:\/\/www.amillex.com\/?p=4300"},"modified":"2026-03-27T14:42:51","modified_gmt":"2026-03-27T03:42:51","slug":"amillex-daily-market-commentary-geopolitics-reshapes-oil-gold-divergence-gold-tests-4400-support","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2026\/03\/27\/amillex-daily-market-commentary-geopolitics-reshapes-oil-gold-divergence-gold-tests-4400-support\/","title":{"rendered":"Commentaire quotidien d'Amillex sur les march\u00e9s | La g\u00e9opolitique red\u00e9finit la divergence p\u00e9trole-or, l'or teste le support des 4\u00a0400\u00a0$\u00a0"},"content":{"rendered":"

27 mars 2026<\/strong> \u2014 Les march\u00e9s financiers mondiaux ont connu une forte volatilit\u00e9, les tensions g\u00e9opolitiques ayant cr\u00e9\u00e9 un \u201c brouillard de guerre \u201d, bouleversant compl\u00e8tement la logique traditionnelle des valeurs refuges. <\/p>\n\n\n\n

Au cours de la s\u00e9ance asiatique de vendredi, le cours de l'or au comptant a baiss\u00e9 autour de 4\u00a0398 USD\/oz<\/strong>. Malgr\u00e9 le conflit en cours au Moyen-Orient, le cours de l'or a chut\u00e9 de pr\u00e8s de 3% jeudi<\/strong>, ce qui porte les pertes totales \u00e0 environ 17%<\/strong> depuis le d\u00e9but du conflit isra\u00e9lo-am\u00e9ricain avec l'Iran. <\/p>\n\n\n\n

Cette d\u00e9cision inhabituelle est principalement due \u00e0 un changement d'orientation du march\u00e9<\/strong>. La d\u00e9cision du gouvernement de reporter de dix jours les frappes contre les centrales \u00e9lectriques iraniennes a incit\u00e9 les op\u00e9rateurs \u00e0 r\u00e9\u00e9valuer les chances d'un cessez-le-feu. En cons\u00e9quence, les positions longues sur l'or, valeur refuge, ont connu un d\u00e9bouclage massif. <\/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 boursier am\u00e9ricain<\/strong> <\/p>\n\n\n\n

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

    \n
  • Dow Jones (DJI) :<\/strong>\u00a045 960,11 (-1,01%) a cass\u00e9 sous le niveau cl\u00e9 de 46 000, refl\u00e9tant les inqui\u00e9tudes que les taux d'int\u00e9r\u00eat \u00e9lev\u00e9s puissent rester plus longtemps.\u00a0\u00a0<\/li>\n\n\n\n
  • S&P 500 (SP500) :<\/strong>\u00a06 495,57 (+0,06%) Stabilis\u00e9 apr\u00e8s le fort repli de jeudi, \u00e9voluant maintenant lat\u00e9ralement \u00e0 des niveaux inf\u00e9rieurs.\u00a0\u00a0<\/li>\n\n\n\n
  • Nasdaq 100 (NQ1) :<\/strong>\u00a023 831,25 (+0,16%) Les valeurs technologiques ont l\u00e9g\u00e8rement surperform\u00e9, mais le potentiel de hausse reste limit\u00e9 en raison des anticipations de hausse des taux.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n

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

      \n
    • Tesla (TSLA) :<\/strong>\u00a0372,11 USD (-3,59%) Frapp\u00e9 par des attentes de liquidit\u00e9 plus serr\u00e9es et l'incertitude des consommateurs, sous-performant le secteur technologique dans son ensemble.\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>\u00a099,926 (+0,06%) Se maintient fermement pr\u00e8s du niveau 100.\u00a0\u00a0<\/li>\n\n\n\n
      • USD\/JPY :<\/strong>\u00a0159,695 (-0,06%) Le yen a connu une certaine reprise pr\u00e8s de 160 alors que les op\u00e9rations de portage ont \u00e9t\u00e9 partiellement d\u00e9nou\u00e9es ; les march\u00e9s restent vigilants face \u00e0 une possible intervention de la Banque du Japon.\u00a0\u00a0<\/li>\n\n\n\n
      • EUR\/USD :<\/strong>\u00a01,15291 (+0,03%) L\u2019euro reste faible, sous la pression de la hausse des co\u00fbts de l\u2019\u00e9nergie.\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 (XAUUSD) :<\/strong>\u00a0~4\u00a0390,93 USD (+0,29%) L\u00e9ger rebond apr\u00e8s la forte baisse de jeudi\u00a0;\u00a04 400 USD<\/strong>\u00a0est d\u00e9sormais un niveau cl\u00e9 \u00e0 court terme.\u00a0\u00a0<\/li>\n\n\n\n
        • Argent (XAGUSD) :<\/strong>\u00a068,0255 USD (+0,07%)\u00a0: Entr\u00e9e en phase de consolidation apr\u00e8s une forte volatilit\u00e9\u00a0; la demande industrielle est mise \u00e0 l\u2019\u00e9preuve dans un contexte de pr\u00e9occupations li\u00e9es \u00e0 l\u2019inflation mondiale.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n

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

            \n
          • P\u00e9trole brut (XTIUSD) :<\/strong>\u00a094,01 USD (-0,10%). Les prix restent \u00e9lev\u00e9s. La position ferme des \u00c9tats-Unis sur le p\u00e9trole iranien soutient la prime de risque li\u00e9e \u00e0 l'offre, mais les inqui\u00e9tudes concernant la demande commencent \u00e0 se manifester.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
            <\/div>\n\n\n\n

            4. Tendances crypto et macro\u00e9conomiques<\/strong> <\/p>\n\n\n\n

              \n
            • Bitcoin (BTCUSD) :<\/strong>\u00a068\u00a0700 USD (-0,11%) Perte de momentum dans un contexte de liquidit\u00e9 plus restreinte, se consolidant actuellement autour du niveau de 69\u00a0000.\u00a0\u00a0<\/li>\n\n\n\n
            • Ethereum (ETHUSD) :<\/strong>\u00a02\u00a0062,2 USD (+0,15%) Faisant preuve d\u2019une certaine r\u00e9silience apr\u00e8s les pertes pr\u00e9c\u00e9dentes, mais toujours moins attrayant dans les conditions actuelles de \u201c\u00a0guerre + inflation\u00a0\u201d.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
              <\/div>\n\n\n\n

              5. Donn\u00e9es cl\u00e9s \u00e0 surveiller aujourd'hui<\/strong> <\/p>\n\n\n\n

                \n
              • ROYAUME-UNI:<\/strong>\u00a0Ventes au d\u00e9tail de f\u00e9vrier (en glissement mensuel)\u00a0\u00a0<\/li>\n\n\n\n
              • NOUS:<\/strong>\u00a0Indice de confiance des consommateurs du Michigan (version finale, mars)\u00a0<\/li>\n<\/ul>\n\n\n\n
                <\/div>","protected":false},"excerpt":{"rendered":"

                27 March 2026 \u2014 Global financial markets saw heavy volatility as geopolitical tensions created a \u201cfog of war,\u201d completely disrupting traditional safe-haven logic.  During Friday\u2019s Asian session, spot gold traded lower around USD 4,398\/oz. Despite ongoing conflict in the Middle East, gold dropped nearly 3% on Thursday, bringing total losses to about 17% since the US-Israel conflict with Iran began.  This unusual […]<\/p>\n","protected":false},"author":9,"featured_media":4297,"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-4300","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\/4300","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=4300"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4300\/revisions"}],"predecessor-version":[{"id":4301,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4300\/revisions\/4301"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/4297"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=4300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=4300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=4300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}