{"id":64943,"date":"2025-12-23T11:12:22","date_gmt":"2025-12-23T10:12:22","guid":{"rendered":"https:\/\/www.captrader.com\/?post_type=boersen-ausblicke&#038;p=64943"},"modified":"2025-12-23T11:12:23","modified_gmt":"2025-12-23T10:12:23","slug":"dax-weekly-outlook-investors-shy-away-from-risks-gold-and-silver-shine-at-the-end-of-the-year","status":"publish","type":"boersen-ausblicke","link":"https:\/\/www.captrader.com\/en\/boersen-ausblicke\/dax-wochenausblick-anleger-scheuen-risiken-gold-und-silber-glaenzen-zum-jahresende\/","title":{"rendered":"DAX weekly outlook: Investors shy away from risks - gold and silver shine at the end of the year"},"content":{"rendered":"<p>One day before Christmas Eve, investors on the German stock market are unlikely to take any major risks. Some important economic data will still be published in the USA, which could also provide impetus for trading in Germany.<br \/>Regular trading will continue to take place today, Tuesday (December 23). From December 24 to 26, the stock exchange doors in Frankfurt am Main will be closed for the holiday.<\/p>\n<h2><strong>DAX<\/strong><\/h2>\n\n\n    <div class=\"tradingview-widget-container\">\n        <div id=\"tradingview_1151696206\"><\/div>\n        <script type=\"text\/javascript\" src=\"https:\/\/s3.tradingview.com\/tv.js\"><\/script>\n        <script type=\"text\/javascript\">\n        new TradingView.widget(\n        {\n            \"width\": \"100%\",\n            \"height\": \"500px\",\n            \"symbol\": \"DE40\",\n            \"interval\": \"D\",\n            \"timezone\": \"Etc\/UTC\",\n            \"theme\": \"light\",\n            \"style\": \"1\",\n            \"locale\": \"en\",\n            \"toolbar_bg\": \"#f1f3f6\",\n            \"enable_publishing\": false,\n            \"allow_symbol_change\": true,\n            \"container_id\": \"tradingview_1151696206\"\n        }\n        );\n        <\/script>\n    <\/div>\n    \n\n\n<h2><strong>Hopes of a possible year-end rally fading - uncertainty about the Fed's monetary policy course weighs heavily<\/strong><\/h2>\n<p>Hopes of a possible year-end rally are fading rapidly. Despite persistent fantasies of interest rate cuts in the US, investors are still holding back on very large investments. As long as investors remain in the fog when it comes to US interest rate cuts, risk appetite is likely to remain manageable.<\/p>\n<h2><strong>\u201eCME Group's \u201cFed Watch Tool\": Around 20 percent of market participants expect an interest rate hike of a quarter of a percentage point on January 28, 2026<\/strong><\/h2>\n<p>In view of a further weakening labor market and declining inflation data in the USA, only 19.9% of market participants expect a rate cut of a quarter of a percentage point at the next scheduled meeting on January 28, 2026, according to the CME Group's \u201eFed Watch Tool\u201c. In contrast, 80.1% are in favor of a pause in interest rates.<\/p>\n<h2><strong>Despite weakening job market and declining inflation data in the USA - speculation about interest rate cuts remains manageable<\/strong><\/h2>\n<p>Important US economic figures were published last week. In October, there were 105,000 job losses outside the agricultural sector. Only 64,000 new jobs were created in November. The separately calculated unemployment rate climbed from 4.4 to 4.6 percent last month, the highest level in four years.<\/p>\n<p>At 2.7%, US inflation was significantly lower than previously estimated (3.1%).\u00a0<\/p>\n<p>The Fed's most recent interest rate hike (25 basis points) on December 10, 2020 was justified by weak signals from the job market. Jerome Powell also signaled a possible pause in the easing course, pointing to clearer indications from the job market. At the same time, inflation remains \u201esomewhat elevated\u201c. \u201eWe are well positioned to wait and see how the economy develops,\u201c he said.<\/p>\n<h2><strong>Economic data calendar remains extremely thin this week<\/strong><\/h2>\n<p>From the perspective of the economic data calendar, there could be potential impetus this Tuesday afternoon from the release of US durable goods orders and GDP growth (second estimate), which are expected at 14:30.<\/p>\n<h2><strong>Gold and silver benefit from geopolitical risks, among other things<\/strong><\/h2>\n<p>Since the beginning of the year, the price of gold (troy ounce) has increased in value by over 70 percent. In the same period, the precious metal silver has gained over 140%. In addition to the prospect of falling interest rates in the USA, geopolitical uncertainties (conflict) are likely to have driven investors into precious metals.<\/p>\n<h2><strong>Gold<\/strong><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"1758\" height=\"1150\" class=\"wp-image-64946\" src=\"https:\/\/www.captrader.com\/wp-content\/uploads\/2025\/12\/ein-bild-das-text-screenshot-diagramm-reihe-en-7.png\" alt=\"An image containing text, screenshot, diagram, series, etc. AI-generated content may contain errors.\" srcset=\"https:\/\/www.captrader.com\/wp-content\/uploads\/2025\/12\/ein-bild-das-text-screenshot-diagramm-reihe-en-7.png 1758w, https:\/\/www.captrader.com\/wp-content\/uploads\/2025\/12\/ein-bild-das-text-screenshot-diagramm-reihe-en-7-300x196.png 300w, https:\/\/www.captrader.com\/wp-content\/uploads\/2025\/12\/ein-bild-das-text-screenshot-diagramm-reihe-en-7-1024x670.png 1024w, https:\/\/www.captrader.com\/wp-content\/uploads\/2025\/12\/ein-bild-das-text-screenshot-diagramm-reihe-en-7-768x502.png 768w, https:\/\/www.captrader.com\/wp-content\/uploads\/2025\/12\/ein-bild-das-text-screenshot-diagramm-reihe-en-7-1536x1005.png 1536w, https:\/\/www.captrader.com\/wp-content\/uploads\/2025\/12\/ein-bild-das-text-screenshot-diagramm-reihe-en-7-18x12.png 18w\" sizes=\"auto, (max-width: 1758px) 100vw, 1758px\" \/><\/p>\n<h2><strong>silver<\/strong><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"1758\" height=\"1150\" class=\"wp-image-64947\" src=\"https:\/\/www.captrader.com\/wp-content\/uploads\/2025\/12\/ein-bild-das-text-screenshot-diagramm-reihe-en-8.png\" alt=\"An image containing text, screenshot, diagram, series, etc. AI-generated content may contain errors.\" srcset=\"https:\/\/www.captrader.com\/wp-content\/uploads\/2025\/12\/ein-bild-das-text-screenshot-diagramm-reihe-en-8.png 1758w, https:\/\/www.captrader.com\/wp-content\/uploads\/2025\/12\/ein-bild-das-text-screenshot-diagramm-reihe-en-8-300x196.png 300w, https:\/\/www.captrader.com\/wp-content\/uploads\/2025\/12\/ein-bild-das-text-screenshot-diagramm-reihe-en-8-1024x670.png 1024w, https:\/\/www.captrader.com\/wp-content\/uploads\/2025\/12\/ein-bild-das-text-screenshot-diagramm-reihe-en-8-768x502.png 768w, https:\/\/www.captrader.com\/wp-content\/uploads\/2025\/12\/ein-bild-das-text-screenshot-diagramm-reihe-en-8-1536x1005.png 1536w, https:\/\/www.captrader.com\/wp-content\/uploads\/2025\/12\/ein-bild-das-text-screenshot-diagramm-reihe-en-8-18x12.png 18w\" sizes=\"auto, (max-width: 1758px) 100vw, 1758px\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>One day before Christmas Eve, investors on the German stock market are unlikely to take any major risks. Some important economic data will still be published in the USA, which could also provide impetus for trading in Germany.<br \/>\nRegular trading will continue to take place today, Tuesday (December 23). From December 24 to 26, the stock exchange doors in Frankfurt am Main will be closed for the holiday.<\/p>","protected":false},"author":36,"featured_media":45484,"template":"","borsenausblick-kategorie":[882],"class_list":["post-64943","boersen-ausblicke","type-boersen-ausblicke","status-publish","has-post-thumbnail","hentry","borsenausblick-kategorie-dax-wochenausblick"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/boersen-ausblicke\/64943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/boersen-ausblicke"}],"about":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/types\/boersen-ausblicke"}],"author":[{"embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/users\/36"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/media\/45484"}],"wp:attachment":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/media?parent=64943"}],"wp:term":[{"taxonomy":"borsenausblick-kategorie","embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/borsenausblick-kategorie?post=64943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}