{"id":9483,"date":"2026-07-17T15:54:50","date_gmt":"2026-07-17T05:54:50","guid":{"rendered":"https:\/\/www.amillex.com\/?p=9483"},"modified":"2026-07-17T15:54:52","modified_gmt":"2026-07-17T05:54:52","slug":"amillex-daily-market-commentary-reignited-inflation-fears-weigh-on-gold-market-focuses-on-fundamental-tug-of-war","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/uz\/2026\/07\/17\/amillex-daily-market-commentary-reignited-inflation-fears-weigh-on-gold-market-focuses-on-fundamental-tug-of-war\/","title":{"rendered":"Amillex kundalik bozor sharhi | Qayta qo'zg'aladigan inflyatsiya qo'rquvi oltinga ta'sir qiladi; bozor asosiy tortishuvlarga e'tibor qaratadi\u00a0"},"content":{"rendered":"

2026-yil 17-iyul, juma kuni bo'lib o'tgan Osiyo sessiyasining dastlabki bosqichida global xom ashyo va xavfsiz boshpana bozorlari murakkab tortishuvni namoyish etdi. Spot oltin o'zining pasayish tendentsiyasini saqlab qoldi va yaqin savdo qildi. 3<\/mn>,<\/mo>973.60<\/mn>\/<\/mi>o<\/mi>z<\/mi>,<\/mo>t<\/mi>o<\/mi>u<\/mi>c<\/mi>h<\/mi>i<\/mi>n<\/mi>g<\/mi>a<\/mi>n<\/mi>e<\/mi>a<\/mi>r<\/mi>t<\/mi>w<\/mi>o<\/mi>\u2212<\/mo>w<\/mi>e<\/mi>e<\/mi>k<\/mi>l<\/mi>o<\/mi>w<\/mi>.<\/mi>M<\/mi>e<\/mi>a<\/mi>n<\/mi>w<\/mi>h<\/mi>i<\/mi>l<\/mi>e<\/mi>,<\/mo>W<\/mi>T<\/mi>I<\/mi>c<\/mi>r<\/mi>u<\/mi>d<\/mi>e<\/mi>o<\/mi>i<\/mi>l<\/mi>f<\/mi>e<\/mi>l<\/mi>l<\/mi>b<\/mi>a<\/mi>c<\/mi>k<\/mi>t<\/mi>o<\/mi><\/mrow><\/semantics><\/math>3,973.60\/oz<\/em>,t<\/em>o<\/em>u<\/em>c<\/em>hin<\/em>g<\/em>bir<\/em>e<\/em>a<\/em>r<\/em>ikki<\/em>o<\/em>\u2212w<\/em>ee<\/em>k<\/em>l<\/em>o<\/em>w<\/em>.M<\/em>e<\/em>bir<\/em>w<\/em>salom<\/em>l<\/em>e<\/em>,W<\/em>T<\/em>I<\/em>cr<\/em>u<\/em>d<\/em>eo<\/em>i<\/em>l<\/em>f<\/em>e<\/em>ll<\/em>ba<\/em>c<\/em>k<\/em>t<\/em>o<\/em>78.98\/barrelni tashkil etdi, bu yana bir bor $80 belgisidan pastga tushdi. Yuk tashish yo'llari xavflari va tovar ta'minotidagi to'siqlar ma'lum darajada noaniqlikni keltirib chiqargan bo'lsa-da, bozor mantig'i sezilarli darajada farq qilmoqda: taklif tomonidagi potentsial bosim global qayta inflyatsiya xavotirlarini kuchaytirdi, bu esa o'z navbatida yirik markaziy banklarning yuqori foiz stavkalarini yoki hatto qattiq siyosatni saqlab qolishi va daromad keltirmaydigan oltinga salbiy ta'sir ko'rsatishi haqidagi kutilgan natijalarni kuchaytiradi.<\/p>\n\n\n\n

Shu bilan birga, tegishli tomonlar o'rtasidagi ochiq aloqa kanallari saqlanib qolmoqda. Bozor barcha tomonlar inqirozning yanada kuchayishiga yo'l qo'ymaslik uchun moslashuvchan imkoniyatlarni saqlab qolishini kutmoqda, bu esa xom neft bozoridagi narxlarning qisman pasayishiga olib keladi. Kelajakka nazar tashlasak, bozor "inflyatsiya kutilmalarini o'zgartirish" va "asosiy ko'rsatkichlarni yumshatish" o'rtasidagi tortishuvga tushib qolgan. Agar tovar ta'minoti bosimi ikkilamchi inflyatsiya xavfini oshirsa, "shafqatsiz" stavka kutilmalari oltin narxlariga ta'sir qilishda davom etadi. Aksincha, agar diplomatik va savdo muzokaralarida sezilarli yutuqlarga erishilsa, bozor diqqat markazida makroiqtisodiy ma'lumotlarga va pul-kredit siyosatining yakuniy amalga oshirilishiga qaytadi.
\u200b<\/p>\n\n\n\n

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Aktivlarning samaradorligi va fundamental tahlil<\/strong><\/p>\n\n\n\n

1. AQSh qimmatli qog'ozlar bozori<\/strong><\/p>\n\n\n\n

Indeks samaradorligi<\/strong><\/p>\n\n\n\n

Dow Jones sanoat o'rtacha ko'rsatkichi (DJI)<\/strong>: Kun davomida 106,01 punktga (-0,20%) pasayib, 52 558,27 punktda qayd etildi. Indeks bosimga duch keldi va 52 500 punktdan yuqori darajada mustahkamlandi, chunki foyda olish eng yuqori ko'rsatkichlarda paydo bo'ldi, an'anaviy qiymat va tsiklik sektorlar nisbatan zaiflikni ko'rsatdi.<\/p>\n\n\n\n

S&P 500 indeksi (SP500)<\/strong>: 7.57K (taxminan 7570 punkt) darajasida qayd etildi, bu kunga nisbatan 28.81 punktga (+0.38%) o'sishdir. Mega-kapitallashgan aksiyalar o'rtasidagi tafovut tufayli indeks mudofaa kapitali va tanlangan yirik kapitallashgan texnologik aksiyalar tomonidan qo'llab-quvvatlangan tor o'sish ko'rsatkichini qayd etdi.<\/p>\n\n\n\n

Nasdaq 100 indeksi (NQ1)<\/strong>: Kuniga 166,25 punktga (-0,57%) pasayib, 29 059,50 ga yetdi. Daromadlarni to'g'irlash yoki ayrim yetakchi texnologiya kompaniyalariga nisbatan tartibga solish bosimi tufayli texnologiya o'sishi sektori umumiy pasayish bosqichini boshdan kechirdi.<\/p>\n\n\n\n

Aksiyaning asosiy jihatlari<\/strong><\/p>\n\n\n\n

Apple (AAPL):<\/strong> Xabar qilingan joy\u00a0333.26<\/mn>,<\/mo>d<\/mi>e<\/mi>f<\/mi>y<\/mi>i<\/mi>n<\/mi>g<\/mi>t<\/mi>h<\/mi>e<\/mi>t<\/mi>r<\/mi>e<\/mi>n<\/mi>d<\/mi>t<\/mi>o<\/mi>r<\/mi>i<\/mi>s<\/mi>e<\/mi>1.76<\/mn><\/mrow><\/semantics><\/math>333.26,trendtorizesga qarshi chiqish<\/em>1.765.76). Yirik texnologik aksiyalarga keng tarqalgan bosim sharoitida Apple himoyaviy xavfsiz boshpana kapitalini taqsimlash va kuchli pul oqimi kutilmalari tufayli daromad oldi.<\/p>\n\n\n\n

Alifbo\/Google (GOOGL)<\/strong>: Xabar qilingan joy\u00a0354.46<\/mn>,<\/mo>d<\/mi>r<\/mi>o<\/mi>p<\/mi>p<\/mi>i<\/mi>n<\/mi>g<\/mi>s<\/mi>h<\/mi>a<\/mi>r<\/mi>p<\/mi>l<\/mi>y<\/mi>b<\/mi>y<\/mi>4.44<\/mn><\/mrow><\/semantics><\/math>354.46,dropsharplyby<\/em>4.4416.46). Makroiqtisodiy risklarga ishtahaning o'zgarishi va sektorning qayta muvozanatlashuvi aksiyalar narxini so'nggi eng yuqori ko'rsatkichlaridan sezilarli darajada pastga tushirdi.<\/p>\n\n\n\n

Intel (INTC)<\/strong>: Xabar qilingan joy\u00a096.98<\/mn>,<\/mo>f<\/mi>a<\/mi>l<\/mi>l<\/mi>i<\/mi>n<\/mi>g<\/mi>s<\/mi>t<\/mi>e<\/mi>e<\/mi>p<\/mi>l<\/mi>y<\/mi>b<\/mi>y<\/mi>5.84<\/mn><\/mrow><\/semantics><\/math>96.98,fallingsteeplyby<\/em>5.846.01). Yarimo'tkazgichlar ta'minot zanjiridagi qisqa muddatli fundamental dinamika va konsentratsiyalangan foyda olish natijasida u chuqur pasayishni qayd etdi.<\/p>\n\n\n\n

Amazon (AMZN)<\/strong>: Xabar qilingan joy\u00a0249.89<\/mn>,<\/mo>d<\/mi>o<\/mi>w<\/mi>n<\/mi>1.99<\/mn><\/mrow><\/semantics><\/math>249.89,pastga<\/em>1.995.07). Texnologiyalar o'sishi sohasidagi kengroq kayfiyatni aks ettiruvchi aksiyalar qisqa muddatli pastga yo'naltirilgan sozlash bosqichiga kirdi.<\/p>\n\n\n\n
<\/div>\n\n\n\n

2. Valyuta bozori<\/strong><\/p>\n\n\n\n

AQSh dollari indeksi (DXY):<\/strong> 100.711 darajasida xabar qilindi, bu 0.004 ga biroz oshdi (+0.00%). Bozor makroiqtisodiy ma'lumotlar va Fedning stavkalarni pasaytirish traektoriyasi bilan bog'liq noaniqlik o'rtasidagi tortishuvni hazm qilganligi sababli, umumiy harakat barqaror bo'lib qoldi; indeks 100.70 darajasi atrofida mustahkam pastki barqarorlikni ko'rsatdi.<\/p>\n\n\n\n

Yevro\/AQSh dollari:<\/strong> 1.14454 darajasida qayd etilgan, 0.03% (+0.00030) ga biroz ko'tarilgan. Yevro hududi iqtisodiy fundamental ko'rsatkichlarida kuchli yuqoriga siljish momentumiga ega bo'lmagan va ECBning neytral pozitsiyasi bilan cheklangan holda, juftlik 1.1440\u20131.1450 oralig'ida yonma-yon savdo qildi.<\/p>\n\n\n\n

USD\/JPY:<\/strong> 162.395 darajasida xabar qilindi, bu 0.01% (+0.022) ga biroz oshdi. AQSh-Yaponiya foiz stavkalari farqi kengligicha qolgan holda, savdo-sotiq faoliyati barqaror bo'lib qoldi va yenga strukturaviy amortizatsiya bosimini 162 darajasidan yuqori darajada ushlab turdi.<\/p>\n\n\n\n

<\/div>\n\n\n\n

3. Qimmatbaho metallar va tovarlar<\/strong><\/p>\n\n\n\n

Qimmatbaho metallar<\/strong><\/p>\n\n\n\n

Spot Gold (XAUUSD):<\/strong> Taxminan xabar qilingan\u00a03<\/mn>,<\/mo>987.80<\/mn>\/<\/mi>o<\/mi>z<\/mi>,<\/mo>r<\/mi>i<\/mi>s<\/mi>i<\/mi>n<\/mi>g<\/mi><\/mrow><\/semantics><\/math>3,987.80\/oz<\/em>,ko'tarilish<\/em>Kun davomida 11.52 (+0.29%). Geosiyosiy noaniqliklar va markaziy bank zaxira mablag'larini ajratishga doimiy talab oltinni $4,000 chegarasi yaqinida kuchli yuqori darajadagi konsolidatsiya naqshida ushlab turishda davom etayotgan qo'llab-quvvatlashni ta'minladi.<\/p>\n\n\n\n

Spotli kumush (XAGUSD)<\/strong>: Xabar qilingan joy\u00a055.6495<\/mn>\/<\/mi>o<\/mi>z<\/mi>,<\/mo>u<\/mi>p<\/mi>0.24<\/mn><\/mrow><\/semantics><\/math>55.6495\/oz<\/em>,yuqoriga<\/em>0.240.13150) kuni. Xavfsiz boshpana talabi va sanoat qo'llanilishining ikki tomonlama omili tufayli kumush oltin bilan birga yuqoriga ko'tarildi va buqa tuzilishini saqlab qoldi.<\/p>\n\n\n\n

Tovarlar<\/strong><\/p>\n\n\n\n

WTI xom nefti (XTIUSD)<\/strong>: Xabar qilingan joy\u00a079.38<\/mn>\/<\/mi>b<\/mi>a<\/mi>r<\/mi>r<\/mi>e<\/mi>l<\/mi>,<\/mo>d<\/mi>o<\/mi>w<\/mi>n<\/mi>s<\/mi>l<\/mi>i<\/mi>g<\/mi>h<\/mi>t<\/mi>l<\/mi>y<\/mi>b<\/mi>y<\/mi>0.11<\/mn><\/mrow><\/semantics><\/math>79.38\/bochka<\/em>,pastga ozgina<\/em>0.110.09). Neft narxlari asosiy omil oldidan to'xtab qoldi\u00a079<\/mn>\u2013<\/mtext><\/mrow><\/semantics><\/math>79\u201380 qarshilik zonasi, global talabning tiklanish kutilmalari va ta'minot tomonidagi o'zgarishlar o'rtasidagi tortishishda ushlanib qoldi, tanaffus uchun aniq bir tomonlama katalizatorga ega emas.<\/p>\n\n\n\n
<\/div>\n\n\n\n

4. Kripto aktivlari va makro dinamikasi<\/strong><\/p>\n\n\n\n

Bitcoin (BTCUSD): <\/strong>Xabar qilingan joy\u00a063<\/mn>,<\/mo>851<\/mn>,<\/mo>e<\/mi>d<\/mi>g<\/mi>i<\/mi>n<\/mi>g<\/mi>u<\/mi>p<\/mi>0.10<\/mn><\/mrow><\/semantics><\/math>63,851,chekka<\/em>0.1063) kuni. Avvalgi diapazondagi o'zgaruvchanlikdan so'ng, bozor likvidlikni kuzatish davriga kirdi, narxlar $63,800 darajasi atrofida texnik platforma bazasini yaratdi.<\/p>\n\n\n\n

Ethereum (ETHUSD)<\/strong>): Xabar qilingan\u00a01<\/mn>,<\/mo>864.95<\/mn>,<\/mo>u<\/mi>p<\/mi>s<\/mi>l<\/mi>i<\/mi>g<\/mi>h<\/mi>t<\/mi>l<\/mi>y<\/mi>b<\/mi>y<\/mi>0.10<\/mn><\/mrow><\/semantics><\/math>1,864.95,yuqoriga ko'tarilish<\/em>0.101.78) kuni. Kengroq bozor bilan qattiq sinxronlashib, ETH $1,860 dan yuqori tor, past o'zgaruvchanlik konsolidatsiyasini saqlab qoldi, bu makro tavakkalchilikka ishtaha konservativ bo'lib qolganligi sababli yuqori narxlarni ta'qib qilish uchun vaqtinchalik kapital momentumining yo'qligini aks ettiradi.<\/p>\n\n\n\n
<\/div>\n\n\n\n

5. Bugungi muhim voqealar<\/strong><\/p>\n\n\n\n

AQSh Michigan universiteti iste'molchilar kayfiyati indeksi (Prelim)<\/p>\n\n\n\n

AQSh Michigan universiteti inflyatsiya kutilmalari (dastlabki)<\/p>\n\n\n\n

<\/p>","protected":false},"excerpt":{"rendered":"

In the early Asian session on Friday, July 17, 2026, global commodities and safe-haven markets presented a complex tug-of-war. Spot gold maintained its downward trend, trading near 3,973.60\/oz,touchinganeartwo\u2212weeklow.Meanwhile,WTIcrudeoilfellbackto3,973.60\/oz,touchinganeartwo\u2212weeklow.Meanwhile,WTIcrudeoilfellbackto78.98\/barrel, dropping below the $80 mark once again. Although shipping route risks and commodity supply bottlenecks introduced a degree of uncertainty, market logic is subtly diverging: potential supply-side pressures have 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