{"id":3649,"date":"2026-01-21T15:07:18","date_gmt":"2026-01-21T04:07:18","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3649"},"modified":"2026-01-21T15:07:19","modified_gmt":"2026-01-21T04:07:19","slug":"amillex-daily-market-commentary-safe-havens-take-the-lead-as-gold-hits-new-highs-and-bitcoin-suffers-a-sharp-pullback","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/it\/2026\/01\/21\/amillex-daily-market-commentary-safe-havens-take-the-lead-as-gold-hits-new-highs-and-bitcoin-suffers-a-sharp-pullback\/","title":{"rendered":"Amillex\u00a0Daily Market Commentary | Safe Havens Take the Lead as Gold Hits New Highs and Bitcoin Suffers a Sharp Pullback\u00a0"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-1 wp-block-paragraph\" style=\"font-size:18px\">January 21, 2026 \u2014 As trade conflict risks linked to the Greenland issue spill rapidly across markets, global risk-off sentiment intensified again during the Asian session this morning. Spot gold extended yesterday\u2019s strong momentum, setting a fresh all-time high at $4,780\/oz on Tuesday and currently holding firmly above $4,760, with bulls gathering strength for a renewed push toward the $4,800 psychological level. In contrast,&nbsp;fading&nbsp;risk appetite has sent a chill through the cryptocurrency market. Bitcoin fell&nbsp;roughly 5%&nbsp;within 24 hours, touching an intraday low of $87,814.93, its weakest level in several weeks. This deep pullback highlights a clear defensive shift among investors amid escalating US\u2013EU trade rhetoric and rising geopolitical tensions. Capital is rotating out of high-volatility assets and emerging financial markets as&nbsp;participants&nbsp;brace for broader market turbulence. Overall, global asset pricing is increasingly dominated by safe-haven logic, and with tariff policies and geopolitical frictions continuing to ferment, market volatility has entered a new expansion phase.&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-2 wp-block-paragraph\" style=\"font-size:20px\"><strong>Asset Performance and Fundamental Analysis<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-3 wp-block-paragraph\" style=\"font-size:18px\"><strong>1. US Equity Markets<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-4 wp-block-paragraph\" style=\"font-size:18px\"><strong>Index Performance<\/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-5\" style=\"font-size:18px\"><strong>Dow Jones Industrial Average:<\/strong>\u00a0Around\u00a048,500\u00a0(-1.34%). Risk-off sentiment surged, with heavyweight industrial stocks leading losses as the index slipped below the\u00a049,000\u00a0threshold.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-6\" style=\"font-size:18px\"><strong>S&amp;P 500:<\/strong>\u00a0Around\u00a06,800\u00a0(-1.61%). The index\u00a0failed to\u00a0hold above\u00a07,000, triggering significant profit-taking.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-7\" style=\"font-size:18px\"><strong>Nasdaq Composite:<\/strong>\u00a0Around\u00a025,200\u00a0(-1.85%). Former market leaders, particularly tech stocks,\u00a0bore the brunt of\u00a0today\u2019s sell-off.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-8 wp-block-paragraph\" style=\"font-size:18px\"><strong>Stock Highlight<\/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-9\" style=\"font-size:18px\"><strong>Apple (AAPL):<\/strong>\u00a0Around\u00a0$246.86\u00a0(-3.39%). Comments from the Trump administration\u00a0regarding\u00a0potential tariffs on India and other manufacturing hubs intensified concerns over Apple\u2019s global supply chain costs. Despite recent earnings beats, policy uncertainty pushed the stock below key technical support levels.\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-10 wp-block-paragraph\" style=\"font-size:18px\"><strong>2.&nbsp;Foreign Exchange Market<\/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-11\" style=\"font-size:18px\"><strong>US Dollar Index (DXY):<\/strong>\u00a0Around\u00a098.60. Supported by safe-haven demand, the dollar rebounded from early-session lows as expectations of a \u201cstrong dollar\u201d stance resurfaced. The index\u00a0remains\u00a0capped below the\u00a0100\u00a0psychological level, awaiting clearer policy signals.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-12\" style=\"font-size:18px\"><strong>EUR\/USD:<\/strong>\u00a0Around\u00a01.1720. The euro\u00a0remains\u00a0under pressure amid persistent US tariff threats against multiple European economies.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-13\" style=\"font-size:18px\"><strong>USD\/JPY:<\/strong>\u00a0Around 158.20. While the yen shows some support near 158, resilient US Treasury yields continue to fuel carry trades.\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-14 wp-block-paragraph\" style=\"font-size:18px\"><strong>3. Precious Metals and Commodities<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-15 wp-block-paragraph\" style=\"font-size:18px\"><strong>Metalli preziosi<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-16\" style=\"font-size:18px\"><strong>Spot Gold (XAUUSD):\u00a0<\/strong>Targeting $4,800.\u00a0Gold posted exceptionally strong gains today, driven by a dual catalyst of Greenland-related geopolitical tensions and escalating US\u2013EU trade frictions. Safe-haven inflows surged aggressively, with prices around\u00a0$4,780, marking another record high.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-17\" style=\"font-size:18px\"><strong>Spot Silver (XAGUSD):\u00a0<\/strong>Breaks Above $95.\u00a0Silver accelerated sharply after clearing\u00a0$93, reaching an intraday peak of\u00a0$95.80\/oz, a new historical high.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-18 wp-block-paragraph\" style=\"font-size:18px\"><strong>Commodities<\/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-19\" style=\"font-size:18px\"><strong>WTI Crude Oil:<\/strong>\u00a0Around $59.67\/barrel, with market focus shifting toward demand-side concerns amid the absence of fresh bullish catalysts.\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-20 wp-block-paragraph\" style=\"font-size:18px\"><strong>4. Crypto Assets and Macro Developments<\/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-21\" style=\"font-size:18px\"><strong>Bitcoin (BTC):\u00a0<\/strong>Risk-Off Pressure, Tests $88K Support.\u00a0Amid liquidity concerns sparked by US\u2013EU trade tensions and broad-based selling across risk assets, Bitcoin\u00a0failed to\u00a0rally alongside gold and instead came under notable pressure.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-22\" style=\"font-size:18px\"><strong>Ethereum (ETH):\u00a0<\/strong>Pulls Back, Slips Below $3,000.\u00a0After briefly\u00a0attempting\u00a0to stabilize above $3,100, Ethereum retreated sharply in tandem with the broader market, currently trading around $2,980.\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-23 wp-block-paragraph\" style=\"font-size:18px\"><strong>5.&nbsp;<\/strong><strong>Today\u2019s&nbsp;Focus<\/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-24\" style=\"font-size:18px\">Speech by Swiss National Bank (SNB)\u00a0Chairman\u00a0Schlegel\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-25\" style=\"font-size:18px\">UK December CPI (YoY)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-26\" style=\"font-size:18px\">Speech by ECB President Christine Lagarde\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-27\" style=\"font-size:18px\">World Economic Forum (WEF) Annual Meeting \u2014 Day 3\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-28\" style=\"font-size:18px\">Speech by the US President\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=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p>January 21, 2026 \u2014 As trade conflict risks linked to the Greenland issue spill rapidly across markets, global risk-off sentiment intensified again during the Asian session this morning. Spot gold extended yesterday\u2019s strong momentum, setting a fresh all-time high at $4,780\/oz on Tuesday and currently holding firmly above $4,760, with bulls gathering strength for a [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":3651,"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-3649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/posts\/3649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/comments?post=3649"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/posts\/3649\/revisions"}],"predecessor-version":[{"id":3650,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/posts\/3649\/revisions\/3650"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/media\/3651"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/media?parent=3649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/categories?post=3649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/tags?post=3649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}