{"id":9938,"date":"2026-08-14T16:38:48","date_gmt":"2026-08-14T06:38:48","guid":{"rendered":"https:\/\/www.amillex.com\/?p=9938"},"modified":"2026-08-14T16:38:51","modified_gmt":"2026-08-14T06:38:51","slug":"amillex-daily-market-commentary-gold-retreats-from-highs-as-rally-stalls-crude-oil-pressured-by-dual-headwinds-of-weak-demand-and-inventory-build","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2026\/08\/14\/amillex-daily-market-commentary-gold-retreats-from-highs-as-rally-stalls-crude-oil-pressured-by-dual-headwinds-of-weak-demand-and-inventory-build\/","title":{"rendered":"Commentaire quotidien d&#039;Amillex sur les march\u00e9s | L&#039;or recule apr\u00e8s avoir atteint des sommets, la hausse s&#039;essouffle ; le p\u00e9trole brut est sous pression en raison d&#039;une double pression : une faible demande et une augmentation des stocks."},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-8cf7084d7cbf7c1e93470ca1133f9318 wp-block-paragraph\" style=\"font-size:18px\">On August 14, 2026, global commodity markets experienced high-level pullbacks and sharp volatility on Thursday evening. Spot gold traded near $4,360\/oz during Friday&#8217;s early Asian session. Gold had strongly tested the $4,450 mark on Thursday before facing profit-taking from bulls. As the latest US PPI data came in line with expectations, market concerns over further Federal Reserve rate hikes were effectively alleviated. Investors chose to lock in profits near the critical resistance level of $4,500, leading to a single-day decline of over 1% in gold prices. Although gold remains in a high trading range, short-term upward momentum has been blocked, reflecting cautious market sentiment near historic highs.<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-a52ed7e4c628ec22bfc1628dda77c100 wp-block-paragraph\" style=\"font-size:18px\">In energy markets, US WTI crude traded near $81.23\/bbl, pulling back noticeably on Thursday due to the dual blow of a weak demand outlook driven by slowing global economic growth and a substantial build in US crude inventories. Looking ahead, macroeconomic fundamentals and inventory shifts will continue to drive commodities. Gold may consolidate within the $4,300\u2013$4,450 range in the short term, with potential to resume its uptrend if upcoming inflation and employment data continue to release moderate signals. Meanwhile, crude oil&#8217;s rebound potential will likely remain capped until supply-demand fundamentals see substantive improvement.<\/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-5532ca47a47b7763aacff7a8b0f24c12 wp-block-paragraph\" style=\"font-size:18px\"><strong>Asset Class Market &amp; Fundamental Analysis<\/strong><\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-2e154ee848d140e27a7cf93f9a3629cb wp-block-paragraph\" style=\"font-size:18px\"><strong>1. March\u00e9 boursier am\u00e9ricain<\/strong><\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-4dd7ea0098b0f834a4bafee811c805e0 wp-block-paragraph\" style=\"font-size:18px\"><strong>Performance de l&#039;indice<\/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-814c6947019949118f91b7e5e958239d\" style=\"font-size:18px\"><strong>Indice industriel Dow Jones (DJI) :<\/strong> Reported at 53,845.39 points, up 70.01 points or 0.13% intraday. Holding high above 53,800 points, capital slightly rotated back into industrial and traditional blue-chip sectors, showing defensive rotation characteristics.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-5d6c586cc1831262247c19f6867c4e24\" style=\"font-size:18px\"><strong>Indice S&amp;P 500 (SP500)\u00a0:<\/strong> Reported at 7,811.35 points, down slightly by 0.90 points or 0.01% intraday. The S&amp;P saw narrow rangebound trading above the 7,800 mark, with the market adopting a wait-and-see stance amid high valuation premiums and Fed rate cut expectations.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-f33b1bea4489df92cba20c6469bd25eb\" style=\"font-size:18px\"><strong>Contrats \u00e0 terme sur l&#039;indice Nasdaq 100 (T1N\u00a0!)\u00a0:<\/strong> Reported at 30,202.00 points, up 13.50 points or 0.04% intraday. Divergent earnings among tech giants caused the index to consolidate around the 30,200 pivot. Resilience in AI and semiconductor supply chains cushioned pullbacks in consumer tech stocks.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-5a384536371f126e87e69c77f37ef027 wp-block-paragraph\" style=\"font-size:18px\"><strong>Points saillants de l&#039;action<\/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-8826a00e8565ba276febf5203c8f8b69\" style=\"font-size:18px\"><strong>Tesla (TSLA) :<\/strong> Reported at $339.96, up strongly by 3.80% against the market. Driven by autonomous driving commercialization progress and edge AI deployment, dip-buying capital was strong, pushing the stock close to the $340 handle.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-713f724c42378e60008bcaf96d6d69f0\" style=\"font-size:18px\"><strong>Intel (INTC) :<\/strong> Reported at $104.56, surging 3.58%. Breakthroughs in process technology nodes and foundry order expectations boosted market confidence, lifting the semiconductor sector.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-049c527ddbb15bbd522473c1bc3c3baa\" style=\"font-size:18px\"><strong>Apple (AAPL) :<\/strong> Reported at $305.26, up 1.00%. Solid cash flow and hardware demand supported high-level consolidation above $305.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-c2139b10e2445f8aa668a9fd33cadf33\" style=\"font-size:18px\"><strong>Alphabet\/Google (GOOG) :<\/strong> Reported at $346.36, up marginally by 0.82%. Cloud business growth and large language model commercialization provided ongoing fundamental support.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-434ac91880fd1fc9d4933bc91fcfb49f\" style=\"font-size:18px\"><strong>Amazon (AMZN) :<\/strong> Reported at $265.13, down 0.80%. Dragged down by e-commerce cost pressures and short-term profit-taking, the stock pulled back mildly from highs.<\/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-db8ec80753b07a246f2c588b2a0f2ee3 wp-block-paragraph\" style=\"font-size:18px\"><strong>2. March\u00e9 des changes<\/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-0d4b15a56d7cfc0b6db59ae8c5576613\" style=\"font-size:18px\"><strong>Indice du dollar am\u00e9ricain (DXY) :<\/strong> Reported at 99.896, down 0.05% intraday. The dollar index consolidated under pressure below the 100 mark. With Fed rate cut pricing stabilizing and Fed officials maintaining a neutral tone, the USD lacked strong directional catalysts and remained flat at lower levels.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-9c85d959dc5eaa685ebfa1544c39395c\" style=\"font-size:18px\"><strong>USD\/JPY :<\/strong> Reported at 159.426, down slightly by 0.06%. Hovering near high levels below the critical 160 intervention warning line. Although the US-Japan interest rate differential sustained carry trade demand, potential Bank of Japan normalization expectations capped further yen depreciation.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-16b6e81be54987ee90fcb20aba9de224\" style=\"font-size:18px\"><strong>EUR\/USD :<\/strong> Reported at 1.15368, up 0.07% intraday. Mild recovery in Eurozone fundamentals combined with a bottoming US dollar provided support at 1.1530, moving in a narrow consolidation range.<\/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-3480f022ef24573cacc109f66d5b1068 wp-block-paragraph\" style=\"font-size:18px\"><strong>3. M\u00e9taux pr\u00e9cieux et mati\u00e8res premi\u00e8res<\/strong><\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-b12dd534db1df5be49bc318f6534b03d wp-block-paragraph\" style=\"font-size:18px\"><strong>M\u00e9taux pr\u00e9cieux<\/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-4a24971f6ef9795e64e55f41d1df11ae\" style=\"font-size:18px\"><strong>Or au comptant (XAUUSD) :<\/strong> Reported at approximately $4,347.39\/oz, down marginally by 0.09% intraday. Gold entered a technical adjustment after breaking above the $4,300 historical high zone. While central bank purchases and geopolitical safe-haven demand support the medium-to-long-term floor, a rebound in short-end real yields limited further upside momentum.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-8ebdb145b82c7fdd29fad7ad1362182a\" style=\"font-size:18px\"><strong>Argent au comptant (XAGUSD) :<\/strong> Reported at $64.42\/oz, down 0.09%. Silver moved in tandem with gold, trading on a high platform near $64, with volatility slowing down as industrial demand and financial attributes intersected.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-975a6aa9da0f7f32b0aca188dbcf1075 wp-block-paragraph\" style=\"font-size:18px\"><strong>mati\u00e8res premi\u00e8res<\/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-6dda501e61ac98d333c9d235e120e8ac\" style=\"font-size:18px\"><strong>P\u00e9trole brut (XTIUSD) :<\/strong> Reported at $81.32\/bbl, up 0.10% intraday. Oil stabilized above $81. Geopolitical supply-side uncertainties and seasonal demand recovery in major consuming nations provided support, keeping oil steady near the top of its recent range.<\/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-d75240b6aa48ba071ededc816f153b9f wp-block-paragraph\" style=\"font-size:18px\"><strong>4. Actifs crypto et dynamique macro\u00e9conomique<\/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-a960fe153fbae9c17231e2ed27fe6f67\" style=\"font-size:18px\"><strong>Bitcoin (BTCUSD) :<\/strong> Reported at $63,483, up 0.10% intraday. Bitcoin consolidated in a low-volatility range between $63,000\u2013$64,000. On-chain profit-taking neared completion, while institutional net inflows slowed, awaiting macroeconomic liquidity signals.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-b97cc1619f7ab1eb5cde3eb7c5f8118e\" style=\"font-size:18px\"><strong>Ethereum (ETHUSD) :<\/strong> Reported at $1,886.87, up 0.12% intraday. Ethereum consolidated near $1,880, performing inline with the broader crypto market. Staking yield stabilization and a mild recovery in network activity provided bottom support.<\/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-a1efdf0c57350d5219f2a63dcec72683 wp-block-paragraph\" style=\"font-size:18px\"><strong>5. \u00c9v\u00e9nements cl\u00e9s du jour<\/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-bab6818ebd20ab3cb8fa965efcc6c4c7\" style=\"font-size:18px\">RBA Governor Bullock Speaks<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-a8e29ad9f3e52ebdd67a7ff66d8b327d\" style=\"font-size:18px\">US Core Retail Sales MoM<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-55b05bb6ae048a2b16b07dec53567460\" style=\"font-size:18px\">US Retail Sales MoM<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-08272420fe7cef8f88f77e966912b723\" style=\"font-size:18px\">US University of Michigan Consumer Sentiment Index (Prelim)<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-562c0faef60c8edf95b3c51e6ea971df\" style=\"font-size:18px\">US University of Michigan Inflation Expectations (Prelim)<\/li>\n<\/ul>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>","protected":false},"excerpt":{"rendered":"<p>On August 14, 2026, global commodity markets experienced high-level pullbacks and sharp volatility on Thursday evening. Spot gold traded near $4,360\/oz during Friday&#8217;s early Asian session. Gold had strongly tested the $4,450 mark on Thursday before facing profit-taking from bulls. As the latest US PPI data came in line with expectations, market concerns over further [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":9935,"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":"","_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0,"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-9938","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\/9938","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\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/comments?post=9938"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/9938\/revisions"}],"predecessor-version":[{"id":9939,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/9938\/revisions\/9939"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/9935"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=9938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=9938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=9938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}