Amillex Daily Market Brief | Renewed Conflict Sparks Risk Aversion as Gold and Oil Surge in Tandem

March 2, 2026 — Global financial markets were hit by a sharp shock during the Asian session, as a sudden escalation in Middle East tensions fully ignited risk-off sentiment. Over the weekend, reports of large-scale U.S.–Israeli strikes on Iran — including the deaths of several senior officials, among them Supreme Leader Ayatollah Khamenei — sent shockwaves through markets.

Spot gold opened with a sharp upside gap and surged as much as 1.5% intraday to USD 5,373.49/oz, marking a near one-month high. The rapid spillover of geopolitical risk, combined with a steady recovery in physical gold demand, pushed bullish sentiment close to overdrive.

資產表現及基本面概覽

1. 美國股票市場

指數表現

道瓊工業平均指數（DJI）： 48,977.92, down 1.05%
The index fell below the psychological 49,000 level, reflecting capital rotation away from cyclical sectors amid extreme geopolitical risk.
標準普爾500指數（SP500）： 6,824.50, down 0.60%
Overall market risk appetite weakened.
納斯達克100指數（NQ1）： 24,777.25, down 0.91%
Growth and technology stocks remain highly sensitive to real-rate expectations and geopolitical uncertainty.

焦點股票

特斯拉（TSLA）： USD 402.51, down 1.49%
Shares remain under pressure near the key psychological USD 400 level.

2. 外匯市場

美元指數（DXY）： 97.933, up 0.29%
Safe-haven flows boosted the dollar. Markets are repricing its defensive appeal, while potential energy-driven inflation also supports expectations that the Fed will maintain a restrictive policy stance.
歐元兌美元： 1.18159, up 0.16%
The euro shows resilience at current levels, as markets weigh rising European energy costs against potential central bank responses.
美元/日圓： 156.004, down 0.06%
Reflects an intense tug-of-war between yield differentials and safe-haven demand.

3. 貴金屬和大宗商品

貴金屬

現貨黃金（XAUUSD）： USD 5,317.31/oz, up 0.74%
Geopolitical risk premiums fully offset the impact of a stronger U.S. dollar.
現貨白銀（XAGUSD）： USD 92.992/oz, down 0.86%
Silver underperformed, highlighting its stronger industrial-metal characteristics and concerns over slowing global growth.

大宗商品

原油（XTIUSD）： USD 71.19/barrel, up 5.62%
Supply disruption risks became the dominant pricing factor, driving an extreme single-day rally.

4. Digital Assets and Macro Developments

比特幣（BTCUSD）： USD 66,443, up 1.02%
Found buying support near USD 65,000, showing signs of moving in sync with gold as a digital safe-haven asset.
以太坊（ETHUSD）： USD 1,964.5, up 1.30%
Digital assets saw a modest rebound amid expectations of fiat liquidity volatility, though their risk-asset nature continues to cap upside momentum.

5. Today’ focus