Another weak day for the DAX
Investors had little to laugh about with the German stock index yesterday. The index had risen at the start of the day but had to give up all its gains over the course of the trading day. Towards the end of the trading day, the DAX was able to recover somewhat and make up for some of the losses. The chaos in the government seems to have affected the index more than market participants had expected. The DAX closed at 19,003 points and remained at the important price level of 19,000 points. If the index can hold this level, there is a chance that the index could push upwards again today, Thursday. The US markets, which are still holding steady, could be a helpful support for this. Inflation in the USA has also moved slightly upwards again, which should keep the US dollar strong. The expected price inflation rate has therefore occurred as expected, so that inflation is now at 2.6 percent and is again moving slightly away from the target. No surprise for the market, so it can be assumed that the current existing trends can be maintained.
Gold continues to fall sharply
The gold market is still on the decline. Due to the strong dollar, investors in the gold market are currently unable to keep prices at record levels. The downward trend is still strong, and it will be interesting to see whether the support at 2,550 US dollars can at least slow down the downward spiral.
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