{"id":3412,"date":"2025-12-16T14:00:38","date_gmt":"2025-12-16T03:00:38","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3412"},"modified":"2025-12-23T19:24:43","modified_gmt":"2025-12-23T08:24:43","slug":"20251215en","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/pt\/2025\/12\/16\/20251215en\/","title":{"rendered":"Amillex Daily Market Commentary: Easing Tech Sell-Off Lifts U.S. Stock Futures, Rising Risk Aversion Drives Gold and Silver Higher as Gold Nears Record Highs"},"content":{"rendered":"
\n

U.S. equity futures rebounded modestly on Monday, with S&P 500 futures up 0.3%. The U.S. dollar index was flat, while the Japanese yen climbed to a one-week high. Spot gold rose 1.1% to USD 4,347\/oz, approaching its historical peak; silver surged 3% to USD 63.87\/oz; Bitcoin rebounded to USD 89,900. Market focus remains locked in a tug-of-war between \u201cAI bubble concerns\u201d and \u201cFederal Reserve policy expectations.\u201d<\/h2>\n\n\n\n

Key Market Moves and Fundamental Analysis<\/h2>\n\n\n\n

1. U.S. Equity Market: Tech Selling Pressure Eases, Economic Data in Focus<\/h2>\n\n\n\n

S&P 500 futures rose 0.3%, Nasdaq 100 futures gained 0.2%, attempting to recover from Friday\u2019s decline of over 1%.<\/h2>\n\n\n\n

Stock highlights: Nvidia rose 0.66% pre-market; Apple edged down 0.1%; iRobot plunged over 80% after filing for bankruptcy.<\/h2>\n\n\n\n

Key drivers:<\/h2>\n\n\n\n

AI valuation concerns: Yardeni Research downgraded the \u201cMagnificent Seven\u201d to underweight, questioning the cost-benefit dynamics of AI applications.<\/h2>\n\n\n\n

Data anticipation: Markets are awaiting Tuesday\u2019s November nonfarm payrolls report (expected +50,000 jobs) and Thursday\u2019s CPI release.<\/h2>\n\n\n\n

2. FX Market: Yen Hits One-Week High as BoJ Rate-Hike Expectations Rise<\/h2>\n\n\n\n

The U.S. dollar index was broadly unchanged; EUR\/USD hovered around 1.1650.<\/h2>\n\n\n\n

The yen strengthened 0.6% to 154.955 per dollar, marking a one-week high.<\/h2>\n\n\n\n

Policy backdrop:<\/h2>\n\n\n\n

Strong Tankan survey: Large manufacturers\u2019 confidence hit a four-year high, reinforcing expectations of a BoJ rate hike in December.<\/h2>\n\n\n\n

Concerns over Fed independence: Former President Trump said he is considering Kevin Warsh as Fed Chair and advocated for interest rates below 1%.<\/h2>\n\n\n\n

3. Precious Metals: Gold Extends Five-Day Rally, Silver Supply-Demand Tensions Intensify<\/h2>\n\n\n\n

Spot gold climbed 1.1% to USD 4,347\/oz, just shy of the record high of USD 4,381\/oz.<\/h2>\n\n\n\n

Spot silver surged 3% to USD 63.87\/oz; platinum jumped 3.2% to USD 1,815\/oz, the highest level since September 2011.<\/h2>\n\n\n\n

Fundamental support:<\/h2>\n\n\n\n

Safe-haven demand: Rising tech-sector volatility (VIX up to 18.5) drove inflows into precious metals.<\/h2>\n\n\n\n

Ongoing central bank buying: Emerging-market central banks\u2019 gold purchases are up 23% year-on-year, widening the structural supply gap.<\/h2>\n\n\n\n

4. Commodities: Copper Rebounds on Technical Factors, Oil Gains on Geopolitical Risk<\/h2>\n\n\n\n

Copper: LME copper rose 1.5% to USD 11,680\/ton; ANZ expects a widening supply deficit in 2026.<\/h2>\n\n\n\n

Oil: WTI crude gained 0.4% to USD 57.35\/barrel, with Brent crude also higher.<\/h2>\n\n\n\n

Geopolitics: Fallout from the U.S. seizure of Venezuelan oil tankers continues, while OPEC+ compliance with production cuts has risen to 92%.<\/h2>\n\n\n\n

5. Cryptocurrencies: Bitcoin Stabilizes and Rebounds, Regulatory Uncertainty Persists<\/h2>\n\n\n\n

Major tokens: Bitcoin rose 1.6% to USD 89,862; Ethereum gained 1.9% to USD 3,140.<\/h2>\n\n\n\n

Sentiment recovery: Expectations of Fed rate cuts partly offset negative sentiment from the SEC\u2019s intensified scrutiny of stablecoins.<\/h2>\n\n\n\n

Today\u2019s focus<\/h2>\n\n\n\n

UK Oct. three-month ILO unemployment rate<\/h2>\n\n\n\n

UK Nov. unemployment rate<\/h2>\n\n\n\n

France Dec. manufacturing PMI (preliminary)<\/h2>\n\n\n\n

Germany Dec. manufacturing PMI (preliminary)<\/h2>\n\n\n\n

Eurozone Dec. manufacturing PMI (preliminary)<\/h2>\n\n\n\n

UK Dec. manufacturing PMI (preliminary)<\/h2>\n\n\n\n

UK Dec. services PMI (preliminary)<\/h2>\n\n\n\n

Germany Dec. ZEW economic sentiment index<\/h2>\n\n\n\n

Eurozone Dec. ZEW economic sentiment index<\/h2>\n\n\n\n

U.S. Nov. unemployment rate<\/h2>\n\n\n\n

U.S. Nov. seasonally adjusted nonfarm payrolls (thousands)<\/h2>\n\n\n\n

Micron Technology earnings (after market close): AI memory chip demand in focus<\/h2>\n\n\n\n

Tesla AI Day: Demonstration of humanoid robot Optimus Gen 2, with attention on technological breakthroughs<\/h2>\n<\/blockquote>","protected":false},"excerpt":{"rendered":"

U.S. equity futures rebounded modestly on Monday, with S&P 500 futures up 0.3%. The U.S. dollar index was flat, while the Japanese yen climbed to a one-week high. Spot gold rose 1.1% to USD 4,347\/oz, approaching its historical peak; silver surged 3% to USD 63.87\/oz; Bitcoin rebounded to USD 89,900. Market focus remains locked in […]<\/p>\n","protected":false},"author":4,"featured_media":3413,"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-3412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/posts\/3412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/comments?post=3412"}],"version-history":[{"count":2,"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/posts\/3412\/revisions"}],"predecessor-version":[{"id":3459,"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/posts\/3412\/revisions\/3459"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/media\/3413"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/media?parent=3412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/categories?post=3412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/tags?post=3412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}