On September 10, 2026, during the early Asian session on Thursday, spot gold was trading around $4,400.52 per ounce. Despite continued pressure on the US Dollar Index, gold remained around a two week low overall. Market attention is fully focused on the US PPI and CPI inflation data due to be released over the next two days, with a strong wait and see sentiment prevailing. Market participants are attempting to assess the Federal Reserve’s subsequent policy direction through the data. If inflation falls more than expected, it could inject fresh momentum into gold prices. Conversely, if inflation remains resilient, elevated interest rates may continue to weigh on gold’s upside potential.

Meanwhile, the crude oil market saw a breakthrough rally on Wednesday, with Brent crude breaking above the $100 mark as previous expectations of limited impact from geopolitical developments shifted. Oil prices moving above $100 have not only increased market attention toward secondary inflationary pressures, but have also created additional challenges for the Federal Reserve’s policy considerations. The interaction between the energy premium and broader inflation dynamics is guiding global commodity markets into a new stage of price discovery.

자산 성과 및 기본적 분석

1. 미국 주식 시장

지수 성과

• 다우존스 산업평균지수(DJI): Trading at 52,386.25 points. Down 405.04 points intraday, a decline of 0.77%. The Dow came under notable pressure as industrial and traditional blue chip sectors retreated. After trading within a recent high range, concerns have increased over the impact of the macroeconomic cycle and elevated interest rates on traditional industries, leading to some short term profit taking.

• S&P 500 지수(SP500): Trading at 7,656.72 points. Up slightly by 5.55 points intraday, a gain of 0.07%. The S&P 500 remained within a narrow range, with buyers and sellers closely balanced around 7,650 points. Divergence between large technology stocks and traditional cyclical sectors has given the broader market stronger resilience while digesting short term inflation data and policy expectations.

• Nasdaq 100 Index (NQ1!): Trading at 29,465.00 points. Up 16.25 points intraday, a gain of 0.06%. The index remained range bound at elevated levels. Divergence in earnings and valuations among major technology companies has limited a one directional breakout, while the market awaits a new macro catalyst to confirm the interest rate path.

주요 주식

• Google (GOOGL): Trading at $330.65, down $7.71, a decline of 2.28%. Regulatory policy expectations and discussions surrounding returns on cloud business capital expenditure triggered short term defensive selling, making it one of the weaker performers among major technology stocks.

• 아마존(AMZN): Trading at $252.40, down $4.57, a decline of 1.78%. Concerns over slower consumer growth, combined with short term technical profit taking, pushed the stock lower within its consolidation range.

• 인텔(INTC): Trading at $106.24, up $1.77, a gain of 1.69%. Progress in domestic semiconductor manufacturing and expectations for demand for specific chips supported a performance significantly stronger than the broader technology market.

• 애플(AAPL): Trading at $315.34, down slightly by $0.88, a decline of 0.28%. The stock remained within a narrow range at elevated levels, showing relatively strong defensive characteristics.

• 테슬라(TSLA): Trading at $367.81, down slightly by $0.35, a decline of 0.10%. The stock remained range bound around the $368 level.

2. 외환 시장

• 미국 달러 지수(DXY): Trading at 98.818. Up slightly by 0.036 intraday, a gain of 0.04%. The Dollar Index remained consolidated around 98.80. Although expectations for Federal Reserve rate cuts remain priced into the market, dovish stances from other major central banks and geopolitical uncertainty have kept the US dollar’s liquidity premium as a core settlement currency relatively firm.

• 유로/달러: Trading at 1.16301. Down slightly by 0.00025 intraday, a decline of 0.02%. The euro remained range bound around 1.1630. Insufficient economic growth momentum within the euro area, combined with expectations for energy cost fluctuations, has limited the euro’s upside against the US dollar.

• USD/JPY: Trading at 153.638. Up slightly by 0.093 intraday, a gain of 0.06%. The yen remained range bound near 153.60. The US Japan interest rate differential remains relatively high. While the market is watching for potential signals of monetary policy normalization from the Bank of Japan, the willingness of carry trade funds to exit remains relatively weak.

3. 귀금속 및 원자재

귀금속

• 금 현물(XAUUSD): Trading at $4,395.225 per ounce. Down $6.890 intraday, a decline of 0.16%. Gold consolidated below the $4,400 level at elevated levels as the market absorbed its previous accumulated gains. Although elevated US Treasury real yields have created some pressure, global central bank gold demand and the long term inflation hedging narrative continue to provide strong support for its price structure.

• 은 현물(XAGUSD): Trading at $67.3075 per ounce. Up slightly by $0.019 intraday, a gain of 0.03%. Silver showed strong resilience above $67, supported by solid industrial demand fundamentals, particularly in photovoltaic and high technology manufacturing sectors, alongside gold’s safe haven characteristics.

상품

• WTI 원유(XTIUSD): Trading at $96.79 per barrel. Down slightly by $0.09 intraday, a decline of 0.09%. Oil remained at elevated levels near $97. Geopolitical risk premiums on the supply side and OPEC+ quota controls are interacting with concerns over slower global macroeconomic demand growth, creating a temporary supply and demand balance within this range.

4. 암호화 자산과 거시 경제 동향

• 비트코인(BTCUSD): Trading at $78,234. Down slightly by $48 intraday, a decline of 0.06%. Bitcoin entered a technical consolidation phase within the $78,000 range after testing its highs. As institutional capital continues to allocate through spot ETFs while interacting with expectations for macro liquidity, the market is showing a notable low volatility consolidation pattern.

• 이더리움(ETHUSD): Trading at $2,468.64. Up slightly by $1.14, a gain of 0.05%. ETH remained range bound around $2,470. Stabilization in on chain activity and network staking yields has limited further downside, while its overall performance remains aligned with broader market risk sentiment.

5. 오늘 주목해야 할 주요 사건들

• European Central Bank Main Refinancing Rate

• European Central Bank Monetary Policy Statement

• US Core PPI Month over Month

• US PPI Month over Month

• 미국 신규 실업수당 청구 건수

• European Central Bank Press Conference