{"id":4153,"date":"2026-03-02T19:26:34","date_gmt":"2026-03-02T08:26:34","guid":{"rendered":"https:\/\/www.amillex.com\/?p=4153"},"modified":"2026-03-02T19:35:29","modified_gmt":"2026-03-02T08:35:29","slug":"amillex-daily-market-brief-renewed-conflict-sparks-risk-aversion-as-gold-and-oil-surge-in-tandem","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/it\/2026\/03\/02\/amillex-daily-market-brief-renewed-conflict-sparks-risk-aversion-as-gold-and-oil-surge-in-tandem\/","title":{"rendered":"Amillex\u00a0Daily Market Brief | Renewed Conflict Sparks Risk Aversion as Gold and Oil Surge in Tandem\u00a0"},"content":{"rendered":"

March 2, 2026<\/strong> \u2014 Global financial markets were hit by a sharp shock during the Asian session, as a sudden escalation in Middle East tensions fully ignited risk-off sentiment. Over the weekend, reports of large-scale U.S.\u2013Israeli strikes on Iran \u2014 including the deaths of several senior officials, among them Supreme Leader Ayatollah Khamenei \u2014 sent shockwaves through markets. <\/p>\n\n\n\n

Spot gold opened with a sharp upside gap and surged as much as 1.5% intraday to USD 5,373.49\/oz<\/strong>, marking a near one-month high. The rapid spillover of geopolitical risk, combined with a steady recovery in physical gold demand, pushed bullish sentiment close to overdrive.  <\/p>\n\n\n\n

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

Asset Performance and Fundamental Overview\u00a0<\/strong><\/p>\n\n\n\n

1. U.S. Equity Market<\/strong> <\/p>\n\n\n\n

Index Performance<\/strong> <\/p>\n\n\n\n

    \n
  • Dow Jones Industrial Average (DJI):<\/strong>\u00a048,977.92, down\u00a01.05%<\/strong>\u00a0
    The index fell below the psychological 49,000 level, reflecting capital rotation away from cyclical sectors amid extreme geopolitical risk.\u00a0<\/li>\n\n\n\n
  • S&P 500 (SP500):<\/strong>\u00a06,824.50, down\u00a00.60%<\/strong>\u00a0
    Overall market risk appetite weakened.\u00a0<\/li>\n\n\n\n
  • Nasdaq 100 (NQ1):<\/strong>\u00a024,777.25, down\u00a00.91%<\/strong>\u00a0
    Growth and technology stocks\u00a0remain\u00a0highly sensitive\u00a0to real-rate expectations and geopolitical uncertainty.\u00a0<\/li>\n<\/ul>\n\n\n\n

    Stock in Focus<\/strong> <\/p>\n\n\n\n

      \n
    • Tesla (TSLA):<\/strong>\u00a0USD 402.51, down\u00a01.49%<\/strong>\u00a0
      Shares\u00a0remain\u00a0under pressure near the key psychological USD 400 level.\u00a0<\/li>\n<\/ul>\n\n\n\n
      <\/div>\n\n\n\n

      2. Foreign Exchange Market<\/strong> <\/p>\n\n\n\n

        \n
      • U.S. Dollar Index (DXY):<\/strong>\u00a097.933, up\u00a00.29%<\/strong>\u00a0
        Safe-haven flows boosted the dollar. Markets are repricing its defensive appeal, while potential energy-driven inflation also supports expectations that the Fed will\u00a0maintain\u00a0a restrictive policy stance.\u00a0<\/li>\n\n\n\n
      • EUR\/USD:<\/strong>\u00a01.18159, up\u00a00.16%<\/strong>\u00a0
        The euro shows resilience at current levels, as markets weigh rising European energy costs against potential central bank responses.\u00a0<\/li>\n\n\n\n
      • USD\/JPY:<\/strong>\u00a0156.004, down\u00a00.06%<\/strong>\u00a0
        Reflects an intense tug-of-war between yield differentials and safe-haven demand.\u00a0<\/li>\n<\/ul>\n\n\n\n
        <\/div>\n\n\n\n

        3. Precious Metals and Commodities<\/strong> <\/p>\n\n\n\n

        Metalli preziosi<\/strong> <\/p>\n\n\n\n

          \n
        • Spot Gold (XAUUSD):<\/strong>\u00a0USD 5,317.31\/oz, up\u00a00.74%<\/strong>\u00a0
          Geopolitical risk premiums fully offset the impact of a stronger U.S. dollar.\u00a0<\/li>\n\n\n\n
        • Spot Silver (XAGUSD):<\/strong>\u00a0USD 92.992\/oz, down\u00a00.86%<\/strong>\u00a0
          Silver underperformed, highlighting its stronger industrial-metal characteristics and concerns over slowing global growth.\u00a0<\/li>\n<\/ul>\n\n\n\n

          Commodities<\/strong> <\/p>\n\n\n\n

            \n
          • Crude Oil (XTIUSD):<\/strong>\u00a0USD 71.19\/barrel, up\u00a05.62%<\/strong>\u00a0
            Supply disruption risks became the dominant pricing factor, driving an extreme single-day rally.\u00a0<\/li>\n<\/ul>\n\n\n\n
            <\/div>\n\n\n\n

            4. Digital Assets and Macro Developments<\/strong> <\/p>\n\n\n\n

              \n
            • Bitcoin (BTCUSD):<\/strong>\u00a0USD 66,443, up\u00a01.02%<\/strong>\u00a0
              Found buying support near USD 65,000, showing signs of moving\u00a0in sync\u00a0with gold as a digital safe-haven asset.\u00a0<\/li>\n\n\n\n
            • Ethereum (ETHUSD):<\/strong>\u00a0USD 1,964.5, up\u00a01.30%<\/strong>\u00a0
              Digital assets saw a modest rebound amid expectations of fiat liquidity volatility, though their risk-asset nature continues to cap upside momentum.\u00a0<\/li>\n<\/ul>\n\n\n\n
              <\/div>\n\n\n\n

              5. Today\u2019 focus<\/strong> <\/p>\n\n\n\n

                \n
              • Eurozone:<\/strong>\u00a0Speech by ECB President Christine Lagarde\u00a0<\/li>\n\n\n\n
              • Canada:<\/strong>\u00a0February Manufacturing PMI\u00a0<\/li>\n\n\n\n
              • United States:<\/strong>\u00a0February ISM Manufacturing PMI\u00a0<\/li>\n\n\n\n
              • United States:<\/strong>\u00a0February ISM Manufacturing Prices Index\u00a0<\/li>\n<\/ul>\n\n\n\n
                <\/div>","protected":false},"excerpt":{"rendered":"

                March 2, 2026 \u2014 Global financial markets were hit by a sharp shock during the Asian session, as a sudden escalation in Middle East tensions fully ignited risk-off sentiment. Over the weekend, reports of large-scale U.S.\u2013Israeli strikes on Iran \u2014 including the deaths of several senior officials, among them Supreme Leader Ayatollah Khamenei \u2014 sent shockwaves […]<\/p>\n","protected":false},"author":9,"featured_media":4150,"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-4153","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\/4153","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=4153"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/posts\/4153\/revisions"}],"predecessor-version":[{"id":4154,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/posts\/4153\/revisions\/4154"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/media\/4150"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/media?parent=4153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/categories?post=4153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/tags?post=4153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}