{"id":4330,"date":"2026-03-31T19:58:15","date_gmt":"2026-03-31T08:58:15","guid":{"rendered":"https:\/\/www.amillex.com\/?p=4330"},"modified":"2026-03-31T19:58:17","modified_gmt":"2026-03-31T08:58:17","slug":"amillex-daily-market-commentary-renewed-middle-east-conflict-fuels-safe-haven-demand-gold-and-oil-enter-a-new-phase-of-synchronized-trends","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2026\/03\/31\/amillex-daily-market-commentary-renewed-middle-east-conflict-fuels-safe-haven-demand-gold-and-oil-enter-a-new-phase-of-synchronized-trends\/","title":{"rendered":"Commentaire quotidien d&#039;Amillex sur les march\u00e9s | La reprise des conflits au Moyen-Orient alimente la demande de valeurs refuges\u00a0; l&#039;or et le p\u00e9trole entrent dans une nouvelle phase de tendances synchronis\u00e9es\u00a0"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-6eb3c8426e958b3a7ada5adbe46f8b01\" style=\"font-size:18px\">Le 31 mars 2026, les march\u00e9s financiers mondiaux ont connu une journ\u00e9e marqu\u00e9e par une escalade des risques g\u00e9opolitiques, remettant les valeurs refuges au centre de l&#039;attention. La situation au Moyen-Orient s&#039;est d\u00e9t\u00e9rior\u00e9e au-del\u00e0 des pr\u00e9visions apr\u00e8s la premi\u00e8re attaque des forces houthies du Y\u00e9men contre Isra\u00ebl, provoquant une vive inqui\u00e9tude sur les march\u00e9s. L&#039;\u00e9ventuelle extension du conflit iranien a accru les craintes des investisseurs concernant les routes maritimes de la mer Rouge et le transport du p\u00e9trole \u00e0 travers la p\u00e9ninsule arabique.&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-9a99cd4fdad61a73795f0bdcf7cb1c6e\" style=\"font-size:18px\">Bien que la R\u00e9serve f\u00e9d\u00e9rale ait clairement indiqu\u00e9 sa position ferme de ne pas baisser ses taux cette ann\u00e9e, la politique mon\u00e9taire semble de plus en plus contrainte face aux risques g\u00e9opolitiques extr\u00eames. L&#039;or au comptant a enregistr\u00e9 lundi sa deuxi\u00e8me hausse quotidienne cons\u00e9cutive, se maintenant stable autour de 4\u00a0502 dollars l&#039;once en d\u00e9but de s\u00e9ance asiatique. Dans ce contexte de tension entre les fondamentaux et l&#039;app\u00e9tit pour le risque, l&#039;or s&#039;est nettement d\u00e9connect\u00e9 du cycle traditionnel des taux d&#039;int\u00e9r\u00eat, faisant preuve d&#039;une forte r\u00e9silience et d&#039;une dynamique haussi\u00e8re.&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 has-medium-font-size wp-elements-c6d8f55154c4fd3f0a71af3157775aec\"><strong>Analyse fondamentale et de la performance des march\u00e9s multi-actifs&nbsp;<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-ff0e5961634bc923a436ef778a7adaeb\" style=\"font-size:18px\"><strong>1. March\u00e9 des actions am\u00e9ricaines<\/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-78e5e9beeafff159fd7026929473c8e4\" style=\"font-size:18px\"><strong>Indice industriel Dow Jones (DJI)<\/strong>L&#039;indice a cl\u00f4tur\u00e9 \u00e0 45\u00a0216,14 points, en hausse de 49,50 points (+0,11%). Dans un contexte d&#039;aversion croissante au risque, les capitaux se sont tourn\u00e9s vers les valeurs refuges, soutenant ainsi l&#039;indice au-dessus du seuil des 45\u00a0000 points.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-69889e2fcd9833b0e0e5d4d0b4ae7f7c\" style=\"font-size:18px\"><strong>S&amp;P 500 (SP500)<\/strong>Environ 6\u00a0370, en baisse de 108,31 points (-1,67%). Les march\u00e9s ont r\u00e9\u00e9valu\u00e9 l\u2019impact des risques g\u00e9opolitiques sur les cha\u00eenes d\u2019approvisionnement, r\u00e9v\u00e9lant la vuln\u00e9rabilit\u00e9 des actifs \u00e0 forte valorisation face \u00e0 l\u2019incertitude macro\u00e9conomique.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-1cd513ca553828a38998ce4801cd4d9e\" style=\"font-size:18px\"><strong>Nasdaq 100 (NQ1 !)<\/strong>Cl\u00f4ture \u00e0 23\u00a0007,25, en baisse de 132,50 points (-0,57%). Les valeurs technologiques ont subi des pressions, les march\u00e9s ayant r\u00e9\u00e9valu\u00e9 leurs anticipations d&#039;inflation et les inqui\u00e9tudes li\u00e9es \u00e0 la hausse des taux d&#039;int\u00e9r\u00eat r\u00e9els.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-f70eaff94ec06a9ab98f85e32c02a9aa\" style=\"font-size:18px\"><strong>Points saillants de l&#039;action\u00a0<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-a2766782cd5c82a1f04e7fb78d3d8746\" style=\"font-size:18px\"><strong>Tesla (TSLA) et Intel (INTC)<\/strong>Les actions d&#039;Intel ont chut\u00e9 respectivement de 1,811 TP3T et de 4,501 TP3T. Ce net recul refl\u00e8te les inqui\u00e9tudes du secteur des semi-conducteurs quant aux barri\u00e8res commerciales potentielles et \u00e0 la hausse des co\u00fbts de l&#039;\u00e9nergie.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-05717029923498cade830a6138cb2a0a\" style=\"font-size:18px\"><strong>Amazon (AMZN)<\/strong>: Cl\u00f4tur\u00e9 \u00e0 200,95 USD, en hausse de 0,81% par rapport \u00e0 la tendance g\u00e9n\u00e9rale du march\u00e9, soulignant la pr\u00e9f\u00e9rence des investisseurs pour les soci\u00e9t\u00e9s \u00e0 tr\u00e8s forte capitalisation avec de solides flux de tr\u00e9sorerie.\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-5f84e880eed001bbe0bae461f9473f4a\" style=\"font-size:18px\"><strong>Indice du dollar am\u00e9ricain (DXY)<\/strong>\u00c0 100,569, en hausse de 0,08%. L&#039;attrait du dollar comme valeur refuge s&#039;est renforc\u00e9 dans un contexte de tensions g\u00e9opolitiques, se maintenant au-dessus du seuil de 100.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-780c91c2672eb3e927766907fa846493\" style=\"font-size:18px\"><strong>USD\/JPY<\/strong>\u00c0 159,869, en hausse de 0,08%, le cours se rapproche du niveau de r\u00e9sistance cl\u00e9 de 160. Malgr\u00e9 les anticipations d&#039;une intervention potentielle de la Banque du Japon, les \u00e9carts de rendement continuent de soutenir les op\u00e9rations de portage.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-7599b22994ebb2514c2f41bbe4df1695\" style=\"font-size:18px\"><strong>EUR\/USD<\/strong>\u00c0 1,14567, en baisse de 0,04%. Les risques li\u00e9s \u00e0 la hausse des co\u00fbts de l&#039;\u00e9nergie en Europe limitent le potentiel de hausse 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-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-e83d475100940129806fb062fe8da761\" style=\"font-size:18px\"><strong>Or au comptant (XAUUSD)<\/strong>\u00c0 4\u00a0527,63\u00a0USD l\u2019once, en hausse de 16,62\u00a0USD (+0,37%). Malgr\u00e9 un dollar plus fort, l\u2019or demeure une valeur refuge solide.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-211812ad9e295da9b12b1744b1a3bb97\" style=\"font-size:18px\"><strong>Argent au comptant (XAGUSD)<\/strong>: \u00c0 70,006 USD l&#039;once, en baisse de 0,05%, se consolidant autour du niveau de 70 USD.\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-2e4795dd4af0ae9870e97738caf703f1\" style=\"font-size:18px\"><strong>P\u00e9trole brut WTI (XTIUSD)<\/strong>\u00c0 106,44 USD le baril, en hausse de 1\u00a0111\u00a0000\u00a0$. La hausse des prix de l\u2019\u00e9nergie renforce les anticipations d\u2019inflation et limite davantage la marge de man\u0153uvre pour des baisses de taux.\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-beb69d23b463382741bbe575ad77d8f4\" 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-b343e56f293f7b993d09b2b0e3700e04\" style=\"font-size:18px\"><strong>Bitcoin (BTCUSD)<\/strong>: \u00c0 66 816 USD, en hausse de 0,13%.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-d67cfe5ae615f9a0fe20e449e95ee8d2\" style=\"font-size:18px\"><strong>Ethereum (ETHUSD)<\/strong>: \u00c0 2\u00a0025,07 USD, en hausse de 0,02%.\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-1a922f37f63fa72681fcbdf8fc7525a3\" style=\"font-size:18px\"><strong>5. \u00c9v\u00e9nements cl\u00e9s \u00e0 suivre aujourd&#039;hui<\/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-d2a4b682a5201682eca8545448f7a88f\" style=\"font-size:18px\">Indice des prix \u00e0 la consommation de base de la zone euro (mars, donn\u00e9es pr\u00e9liminaires)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-1590e0e052ec2d356c4ac90aa1ea1496\" style=\"font-size:18px\">IPC de la zone euro pour mars (donn\u00e9es pr\u00e9liminaires)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-d91be3a0a94e407684b052666711a64a\" style=\"font-size:18px\">PIB du Canada en janvier (variation mensuelle)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-44936ad81e534ccb0194c6abf20f0bcb\" style=\"font-size:18px\">Offres d&#039;emploi JOLTs aux \u00c9tats-Unis en f\u00e9vrier\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-b2c4bb5bb8ce7ef921b01856be3ffe64\" style=\"font-size:18px\">Indice de confiance des consommateurs du Conference Board (mars) des \u00c9tats-Unis\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 March 31, 2026, global financial markets experienced a day of intensified geopolitical risk escalation on Monday, driving safe-haven assets back into focus. The situation in the Middle East deteriorated beyond expectations after Yemen\u2019s Houthi forces launched their first attack on Israel, triggering widespread market anxiety. The potential expansion of the Iran conflict has heightened [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":4328,"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-4330","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\/4330","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/comments?post=4330"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4330\/revisions"}],"predecessor-version":[{"id":4331,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4330\/revisions\/4331"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/4328"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=4330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=4330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=4330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}