Amillex Daily Market Commentary | Easing External Tensions Suppress Safe-Haven Demand, Gold and Oil Prices Experience Sharp Volatility

April 15, 2026 – Global financial markets showed mixed performance during the early Asian session on Wednesday. Although spot gold surged more than 2% on Tuesday due to a weaker US dollar, briefly reaching around $4,837.70 per ounce, market sentiment is shifting alongside the latest developments in regional tensions. Expectations that talks aimed at resolving localized conflicts may resume soon have weakened the previously strong safe-haven premium supporting gold prices. This has not only capped further upside in precious metals but also triggered profit-taking near key resistance levels, leading to a short-term reshuffling between bullish and bearish forces.

Meanwhile, the energy market has reacted strongly to these easing expectations. News of potential dialogue resumption has quickly reduced concerns over supply disruptions, causing crude oil prices to plunge more than 6% on Tuesday, currently trading near $91.43 per barrel and testing the key psychological support at $90 intraday. The sharp pullback in oil has eased global inflation expectations to some extent, weakening the inflation-hedging appeal of precious metals. Looking ahead, if talks achieve substantive progress, risk appetite may further recover and gold could retrace part of its previous gains; otherwise, renewed tensions may allow bulls to capitalize on USD weakness for another upward push.

資産パフォーマンスとファンダメンタル分析

1. 米国株式市場

インデックスパフォーマンス

ダウ・ジョーンズ工業株平均（DJI）: 48,535.99, up 317.74 points (+0.66%). Market focus shifted toward traditional blue chips, with value stocks supporting resilience above 48,000.
S&P500指数（SP500）: 6,976.30, up 0.06%. The index remains range-bound below the 7,000 level, with cautious sentiment near key resistance.
ナスダック100指数（NQ1）: 26,018.75, up 0.08%. Tech growth stocks have entered a consolidation phase after strong gains, awaiting further macro catalysts.

株式ハイライト

Tesla (TSLA) / Amazon (AMZN) / Google (GOOG): All gained over 3%, with Tesla particularly strong (+3.34%), indicating continued risk appetite in core assets.
Intel (INTC) and Apple (AAPL): Weaker performance, down 2.10% and 0.14% respectively, reflecting defensive positioning ahead of earnings season.

2. 外国為替市場

米ドル指数（DXY）: 98.113, up 0.01%. The dollar remains range-bound near 98 as markets price in the Fed’s latest guidance amid policy uncertainty.
米ドル/円: 158.868, up 0.04%. Yen depreciation persists as yield differentials remain wide, keeping the pair below 159.
ユーロ/米ドル: 1.17941, down 0.01%. Weak European recovery limits euro strength against a firm USD.

3. 貴金属・コモディティ

貴金属

スポットゴールド（XAUUSD）: Around $4,831/oz, down $10.13 (-0.21%). Profit-taking emerges above $4,800 amid USD liquidity shifts.
スポットシルバー（XAGUSD）: $79.48/oz, down 0.11%. Selling pressure remains near $80.

商品

原油（XTIUSD）: $90.37/barrel, down 1.88%. Falling below $92 support reflects easing inflation pressure from energy.

4. 暗号通貨とマクロ経済

ビットコイン（BTCUSD）: $74,585, up 0.54%, stabilizing near $75K.
イーサリアム（ETHUSD）: $2,337.66, up 0.61%. Mild rebound continues amid limited liquidity inflows.

5. 主な出来事