Amillex Daily Market Commentary | Renewed Monetary Policy Expectations Pressure Gold, While Easing Supply-Side Disruptions Weigh on Crude Oil

On June 10, 2026, the global commodities market moved broadly lower amid widespread volatility. During the Asian session, spot gold came under dual pressure from rising rate hike expectations among major economies and higher government bond yields, briefly falling to USD 4,227.87 per ounce at the open, marking its lowest level in nearly two months. Although uncertainty-driven sentiment in the market has not fully dissipated, the partial retreat of safe-haven premiums has weakened bullish momentum in gold in the short term. Elevated real interest rates continue to exert downward pressure on prices. Market attention will now turn to the upcoming key inflation data, which will provide critical guidance for assessing the future path of monetary policy.

Meanwhile, the energy market has also entered a phase of broad correction. U.S. crude oil broke below key support levels and plunged nearly 3% during Tuesday’s session, at one point touching its lowest level in seven weeks. Although disruptions emerged in certain overseas regions, calls for mutual restraint prevented further escalation, leading to a rapid withdrawal of geopolitical premiums that directly undermined oil’s rebound momentum. Against the backdrop of slowing global demand expectations and easing concerns over supply chain disruptions, crude oil prices may remain in a weak base-building pattern in the near term.

Asset Class Performance and Fundamental Analysis

1. U.S. Equity Market

Показатели индекса

Dow Jones Industrial Average (DJI): Currently at 50,877.10 points, up 86.03 points or 0.17% on the day. After breaking above the 50,000-point consolidation zone, the index continues its defensive advance, supported by capital flows into traditional value stocks and defensive sectors, boosting blue-chip cyclical names.
S&P 500 Index (SP500): Currently around 7.41K (7,410 points), up 21.99 points or 0.30% on the day. Despite significant drag from large-cap technology stocks, broad bullish sentiment across cyclical sectors such as financials and energy has helped the index maintain strong structural resilience above the 7,400-point level.
Nasdaq 100 Index (NQ1!): Currently at 29,026.75 points, down 90.25 points or 0.31% on the day. High-valuation technology stocks remain under pressure from uncertainty surrounding the Federal Reserve’s “higher for longer” policy stance, with bears testing the key 29,000-point threshold.

Основные показатели акций

Apple (AAPL): Trading at USD 290.55, down sharply by 3.64%. As a core technology heavyweight, the stock faced concentrated profit-taking near the USD 300 mark as investors reduced exposure amid growing uncertainty over future interest rate trajectories.
Tesla (TSLA): Trading at USD 396.68, down 3.00%. The stock fell below the key psychological level of USD 400 and is facing technical selling pressure associated with valuation recalibration in growth stocks.
Google (GOOGL): Trading at USD 364.26, up 0.26% against the broader decline among major technology companies. The stock has demonstrated relative defensive characteristics, with capital rotating within the AI infrastructure investment theme.

2. Валютный рынок

U.S. Dollar Index (DXY): Currently at 100.026, up 0.03% on the day. The dollar continues to build solid support above the 100 level. While tightening expectations among major overseas central banks persist, resilient U.S. economic fundamentals and a restrictive interest rate path have limited downside pressure on the dollar, resulting in a narrow trading range.
EUR/USD (EURUSD): Currently at 1.15341, down 0.08%. Weak leading economic indicators across Europe have constrained the euro’s rebound momentum, leading to a pullback as the dollar remains stable.
USD/JPY (USDJPY): Currently at 160.382, up 0.01%. The pair has further consolidated above the historic 160 level. Despite expectations of verbal intervention from the Bank of Japan, the substantial interest rate differential between the U.S. and Japan and the continued popularity of carry trades are driving persistent capital outflows.

3. Precious Metals and Commodities

Драгоценные металлы

Spot Gold (XAUUSD): Trading at USD 4,223.29 per ounce, down USD 36.33 or 0.85% on the day. As global macro safe-haven sentiment pauses after an extended rally and the U.S. dollar stabilizes above the 100 level, bullish positions have engaged in profit-taking, resulting in a necessary technical pullback within the broader upward trend channel.
Spot Silver (XAGUSD): Trading at USD 64.8645 per ounce, down 0.74%. Silver continues to track gold closely, with its higher beta characteristics amplifying volatility. The metal is currently undergoing a technical retest of key lower pivot levels.

Товары

WTI Crude Oil (XTIUSD): Trading at USD 90.14 per barrel, up USD 0.43 or 0.48%. Oil prices have decisively broken above the key psychological resistance level of USD 90. Renewed geopolitical risk premiums and expectations of potential supply-side disruptions continue to provide strong underlying support, sustaining bullish sentiment in the short term.

4. Digital Assets and Macro Developments

Bitcoin (BTCUSD): Currently trading at USD 61,685, unchanged on the day (0.00%). Following a period of sharp market cleansing, BTC has established a consolidation range between USD 61,500 and USD 62,000 as investors await a turning point in global liquidity conditions.
Ethereum (ETHUSD): Trading at USD 1,638.33, down 0.01% on the day. Overall volatility has declined significantly alongside the broader market. Relative to gold and other hard commodities, Ethereum remains in an accumulation phase, with bulls and bears maintaining a delicate balance around current levels.

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