{"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\/it\/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":"Amillex Daily Market Commentary\u00a0| Gold Retreats from Highs as Rally Stalls; Crude Oil Pressured by Dual Headwinds of Weak Demand and Inventory Build"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-1 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-2 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-3 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-4 wp-block-paragraph\" style=\"font-size:18px\"><strong>1. US Stock Market<\/strong><\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-5 wp-block-paragraph\" style=\"font-size:18px\"><strong>Index Performance<\/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-6\" style=\"font-size:18px\"><strong>Dow Jones Industrial Average (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-7\" style=\"font-size:18px\"><strong>S&amp;P 500 Index (SP500):<\/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-8\" style=\"font-size:18px\"><strong>Nasdaq 100 Index Futures (NQ1!):<\/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-9 wp-block-paragraph\" style=\"font-size:18px\"><strong>Stock Highlights<\/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-10\" 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-11\" 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-12\" 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-13\" 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-14\" 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-15 wp-block-paragraph\" style=\"font-size:18px\"><strong>2. Foreign Exchange Market<\/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-16\" style=\"font-size:18px\"><strong>US Dollar Index (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-17\" 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-18\" 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-19 wp-block-paragraph\" style=\"font-size:18px\"><strong>3. Precious Metals &amp; Commodities<\/strong><\/p>\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>Metalli preziosi<\/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-21\" style=\"font-size:18px\"><strong>Spot Gold (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-22\" style=\"font-size:18px\"><strong>Spot Silver (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-23 wp-block-paragraph\" style=\"font-size:18px\"><strong>Commodities<\/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-24\" style=\"font-size:18px\"><strong>Crude Oil (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-25 wp-block-paragraph\" style=\"font-size:18px\"><strong>4. Crypto Assets &amp; Macro Dynamics<\/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-26\" 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-27\" 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-28 wp-block-paragraph\" style=\"font-size:18px\"><strong>5. Key Events Today<\/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-29\" 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-30\" 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-31\" 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-32\" 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-33\" 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\/it\/wp-json\/wp\/v2\/posts\/9938","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\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/comments?post=9938"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/posts\/9938\/revisions"}],"predecessor-version":[{"id":9939,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/posts\/9938\/revisions\/9939"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/media\/9935"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/media?parent=9938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/categories?post=9938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/tags?post=9938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}