On Monday, September 14, 2026, during the early Asian session, spot gold was trading around $4,340 per ounce. Recent safe haven demand remains present, but US inflation data has prompted the market to refocus on the interest rate environment. Changes in the US dollar and Treasury yields have placed some pressure on gold prices, resulting in more fluctuations at elevated levels. Meanwhile, US crude oil opened more than 2% higher on Monday, as changes in regional conditions affected expectations for energy supply, leading to a notable short term strengthening in oil prices.
Entering this week, market attention will focus on the Federal Reserve policy meeting and the subsequent interest rate path. If energy prices remain elevated, they may further influence market assessments of future inflation developments, while also creating more variables for major asset classes. Gold will continue to be influenced by changes in the US dollar and interest rates, while crude oil will remain affected by supply expectations and changes in regional conditions.
자산군별 시장 성과 및 기본적 분석
1. 미국 주식 시장
지수 성과
• Dow Jones Industrial Average: 52,578.27 points, up 509.05 points intraday, or 0.98%. The Dow performed significantly better than technology focused indices, indicating a degree of structural divergence in current capital allocation. As interest rate expectations regain attention, the market has become more sensitive to highly valued growth assets, while traditional large weight sectors have shown relatively greater resilience.
• S&P 500 Index: 7,629.10 points, down 35.52 points intraday, or 0.46%. The index retreated from elevated levels, mainly due to renewed repricing of interest rate expectations and inflation concerns arising from higher energy prices. US core CPI rose 0.3% month on month in August, above previous market expectations, while crude oil prices moved back above $100, further increasing market attention on the persistence of inflation.
• Nasdaq 100 Index: 29,010.25 points, down 376.75 points intraday, or 1.28%. Technology stocks are more sensitive to changes in interest rates. As the market increased its pricing of the Federal Reserve policy rate, growth sectors faced more noticeable valuation pressure, resulting in a larger decline in the Nasdaq compared with the S&P 500.
개별 주식 집중 분석
• 애플(AAPL): $332.27, up $5.70 intraday, or 1.75%. Apple rose against the broader pressure on major technology stock indices, showing that performance among large technology companies remains clearly differentiated. Individual stock performance is increasingly influenced by company specific fundamentals and capital allocation factors.
• 인텔(INTC): $102.94, up $2.62 intraday, or 2.61%. Intel outperformed the major indices, indicating that capital flows within the semiconductor sector are not entirely uniform. The market continues to assess artificial intelligence infrastructure and the broader chip industry supply chain on a structural basis.
• 아마존(AMZN): $256.78, up $4.89 intraday, or 1.94%; Alphabet (GOOGL) at $338.50, up $5.90 intraday, or 1.77%. The divergence among major technology stocks indicates that the current market is not broadly moving away from technology assets, but is instead paying greater attention to the earnings capacity and valuation resilience of individual companies.
2. 외환 시장
• 미국 달러 지수(DXY): 99.180, up 0.086 points intraday, or 0.09%. The US dollar remained broadly stable as the market continued to assess US inflation pressure alongside expectations for Federal Reserve policy adjustments. US core inflation remains relatively persistent, while rapidly rising energy prices have made market expectations for the policy rate path more cautious again, providing some support for the dollar.
• 유로/달러: 1.15872, down 0.00117 intraday, or 0.10%. The euro weakened slightly, mainly due to the relative stability of the US dollar and changes in global interest rate expectations. As expectations for US policy rates regain attention, interest rate differentials between the US and Europe continue to place some constraints on the euro.
• USD/JPY: 153.709, up 0.176 points intraday, or 0.11%. The dollar remained around 153 against the yen, with the yen continuing to be influenced by the US Japan interest rate differential. However, expectations for policy normalization by the Bank of Japan have strengthened somewhat, leaving the exchange rate influenced by both policy expectations and safe haven demand.
3. 귀금속 및 원자재
귀금속
• 금 현물(XAUUSD): $4,336.72 per ounce, down $12.70 intraday, or 0.29%. Gold did not maintain its previous strength despite continued geopolitical tensions, mainly because current market pricing is not being driven solely by safe haven sentiment. US inflation data remains relatively persistent, while expectations for a near term Federal Reserve policy adjustment have increased noticeably. Interest rates and Treasury yields have therefore created temporary pressure on non yield bearing assets. Gold prices have also experienced notable volatility following the release of inflation data recently, showing that interest rate pricing remains an important driver of the precious metals market.
• 은 현물(XAGUSD): $64.0955 per ounce, down $0.4045 intraday, or 0.63%. Silver declined more than gold, reflecting the combined influence of its financial characteristics as a precious metal and expectations for industrial demand. With the US dollar remaining stable and expectations for relatively high real interest rates, silver prices are facing comparatively greater short term pressure.
상품
• WTI 원유(XTIUSD): $102.81 per barrel, up $2.70 intraday, or 2.70%. Crude oil has become one of the most prominent inflation variables in the current market. An escalation in Middle East tensions, together with risks to energy transportation and supply, pushed oil prices back above the $100 level. Higher energy prices not only directly affect inflation expectations, but may also be transmitted to prices of other goods and services through transportation and production costs. The recent rise in oil prices has become one of the important factors prompting the market to reassess Federal Reserve policy expectations.
4. 암호화 자산과 거시 경제 동향
• 비트코인(BTCUSD): $76,838, up $30 intraday, or 0.04%. Bitcoin remained broadly range bound, with no clear one directional change in market risk appetite. As traditional financial markets remain influenced by interest rates and energy prices, crypto assets have yet to develop a clearly independent trend, with capital remaining in an observation phase.
• 이더리움(ETHUSD): $2,484.31, up $8.45 intraday, or 0.34%. Ethereum edged higher, but overall volatility remained limited. The core market variables remain concentrated on the US interest rate path, the performance of the US dollar and global risk appetite. Digital asset prices currently lack a macro driver strong enough to alter the broader pricing framework.
5. 오늘의 초점
• Canada CPI month on month
• Canada Median CPI year on year
• Canada Trimmed Mean CPI year on year
• Canada Common CPI year on year
• European Central Bank President Christine Lagarde to speak
