{"id":4266,"date":"2026-03-19T18:18:22","date_gmt":"2026-03-19T07:18:22","guid":{"rendered":"https:\/\/www.amillex.com\/?p=4266"},"modified":"2026-03-19T18:18:23","modified_gmt":"2026-03-19T07:18:23","slug":"amillex-daily-market-commentary-fed-holds-rates-gold-slips-below-the-5000-mark","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/it\/2026\/03\/19\/amillex-daily-market-commentary-fed-holds-rates-gold-slips-below-the-5000-mark\/","title":{"rendered":"Commento giornaliero di Amillex sui mercati | La Fed mantiene i tassi invariati, l&#039;oro scende sotto quota 5.000\u00a0"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-1 wp-block-paragraph\" style=\"font-size:18px\">Global financial markets saw sharp volatility on 19 March 2026 following the latest Federal Reserve decision.&nbsp;Spot gold came under heavy selling pressure on Wednesday, falling&nbsp;nearly 4%&nbsp;during the session and briefly touching a monthly low of USD 4,809 before recovering slightly to trade around USD 4,831.&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-2 wp-block-paragraph\" style=\"font-size:18px\">Although the Fed kept interest rates unchanged as expected, its policy statement came across more hawkish than markets had&nbsp;anticipated. Officials stressed that inflation&nbsp;remains&nbsp;stubborn and&nbsp;signalled&nbsp;there may only be room for one rate cut this year.&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\">Meanwhile, the energy market moved in the opposite direction. US crude oil surged&nbsp;nearly 3%&nbsp;to USD 98.30 per barrel as geopolitical tensions sharply increased concerns over potential supply disruptions, quickly rebuilding the market\u2019s risk premium.&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\">Markets are now caught between tighter monetary policy and rising geopolitical uncertainty. With expectations for a June rate&nbsp;cut&nbsp;fading significantly, gold may remain under short-term pressure, with the USD 4,800 level now seen as a key support zone.&nbsp;<\/p>\n\n\n\n<p class=\"has-text-align-center has-black-color has-text-color has-link-color wp-elements-5 wp-block-paragraph\" style=\"font-size:20px\"><strong>Asset Performance and Fundamental Overview<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-6 wp-block-paragraph\" style=\"font-size:18px\"><strong>1. US Equity Market<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-7 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-8\" style=\"font-size:18px\"><strong>Dow Jones Industrial Average<\/strong> closed at 46,225.15, down 766.45 points or 1.63%. The pullback toward the\u00a046,000 support\u00a0zone reflects continued repricing in heavyweight stocks under a prolonged high-rate environment.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-9\" style=\"font-size:18px\"><strong>S&amp;P 500<\/strong> ended at 6,620.95, up 0.09%. Despite broader market weakness, the index showed resilience around the 6,600 area.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-10\" style=\"font-size:18px\"><strong>Nasdaq-100<\/strong> finished at 24,616.00, down 0.14%, with technology stocks facing increased volatility under a hawkish Fed outlook.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-11 wp-block-paragraph\" style=\"font-size:18px\"><strong>Stock in 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-12\" style=\"font-size:18px\"><strong>Tesla, Inc.<\/strong> closed at USD 392.78, down 1.63%. Concerns over tighter liquidity and softer consumer demand pushed the stock lower, with price action testing resistance near the USD 400 psychological level.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-13 wp-block-paragraph\" style=\"font-size:18px\"><strong>2. Foreign Exchange Market\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-14\" style=\"font-size:18px\"><strong>U.S. Dollar Index<\/strong> stood at 100.128. While the Fed\u00a0maintained\u00a0rates, much of the hawkish tone had already been priced in by the market.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-15\" style=\"font-size:18px\"><strong>EUR\/USD<\/strong> traded at 1.14738, up 0.19%. The euro found technical buying support above 1.14 as dollar momentum eased, though weak European fundamentals continue to cap upside potential.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-16\" style=\"font-size:18px\"><strong>USD\/JPY<\/strong> traded at 159.791, down 0.01%. The yen\u00a0remains\u00a0highly volatile below the 160 level, with traders closely watching potential follow-up action from Bank of Japan.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-17 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-18 wp-block-paragraph\" style=\"font-size:18px\"><strong>Metalli preziosi<\/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>Spot gold (XAU\/USD)<\/strong> traded around USD 4,841.86 per ounce, up 0.49%. Safe-haven demand returned despite high interest rates, with inflation hedging and geopolitical premium continuing to dominate price action.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-20\" style=\"font-size:18px\"><strong>Spot silver (XAG\/USD) <\/strong>traded at USD 76.40 per ounce, up 1.34%. Silver showed stronger intraday momentum than gold, breaking through several technical resistance levels.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-21 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-22\" style=\"font-size:18px\"><strong>Crude oil (XTI\/USD)<\/strong> traded at USD 99.03 per barrel, down 0.55%. Oil faced resistance near the USD 100 mark as markets balanced geopolitical supply risks against slowing global demand.\u00a0<\/li>\n<\/ul>\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>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-24\" style=\"font-size:18px\"><strong>Bitcoin<\/strong> traded at USD 71,026, down 0.33%. Bitcoin remained range-bound above USD 70,000, with crypto increasingly showing characteristics of a digital safe-haven asset.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-25\" style=\"font-size:18px\"><strong>Ethereum<\/strong> traded at USD 2,194.3, down 0.40%. Ethereum underperformed Bitcoin slightly, reflecting softer on-chain activity amid tighter liquidity expectations.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-26 wp-block-paragraph\" style=\"font-size:18px\"><strong>5. Key Events to Watch Today<\/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-27\" style=\"font-size:18px\">UK Claimant Count Change\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-28\" style=\"font-size:18px\">UK Average Earnings Index (3M\/Y)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-29\" style=\"font-size:18px\">Bank of England Monetary Policy Summary and Official Bank Rate\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-30\" style=\"font-size:18px\">US Initial Jobless Claims\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-31\" style=\"font-size:18px\">Federal Reserve Bank of Philadelphia Manufacturing Index\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-32\" style=\"font-size:18px\">European Central Bank Main Refinancing Rate\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-33\" style=\"font-size:18px\">US New Home Sales\u00a0<\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Global financial markets saw sharp volatility on 19 March 2026 following the latest Federal Reserve decision.&nbsp;Spot gold came under heavy selling pressure on Wednesday, falling&nbsp;nearly 4%&nbsp;during the session and briefly touching a monthly low of USD 4,809 before recovering slightly to trade around USD 4,831.&nbsp; Although the Fed kept interest rates unchanged as expected, its [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":4267,"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-4266","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\/4266","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=4266"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/posts\/4266\/revisions"}],"predecessor-version":[{"id":4269,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/posts\/4266\/revisions\/4269"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/media\/4267"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/media?parent=4266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/categories?post=4266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/tags?post=4266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}