The Amsterdam AEX has started the new stock exchange week with an increase in three points. This brings the AEX price to 933.11 points, and is the all-time high of more than 952 points within reach. Will there still be new records in 2025?
AEX course on the way to record?
For a long time, 2025 seemed to end up in disappointment for the AEX. After a strong start with an all-time high in February, the stock market index started to fall. That has recently changed again.
The Dutch stock market index seems to be recovered and at least has momentum again. However, it cannot match the returns of gold. The precious metal made all-time highs again today and comes in at $ 3,725 per us.
Gold is doing well, because the financial circumstances in the United States are very beneficial, the economy looks solid and the central bank also seems to be starting a series of interest rates.
As a result, the market is afraid of an increase in inflation, which in particular encourages gold. In the background, shares also benefit from this situation, because confidence in the health of the (world) economy is great.
Catch -up required for the AEX
To end the year really well, the AEX still has to make a big catch up. The graph below shows the returns from the beginning of 2025. In that list we see that gold dominates the financial markets.
The gold price rose by more than 40 percent in 2025, while the AEX has to do it with a meager 5.15 percent.
In that respect it would be a good thing if the AEX could continue these increases and close the year with an efficiency of at least 10 percent. Otherwise it will feel for most investors as if the Dutch stock market index has failed this year.
On the other hand, we should not forget that the US dollar lost firm relative to the euro, and that from that perspective it is not entirely fair to compare the returns of the AEX directly with those of the S&P 500 and Nasdaq 100.
Source: https://newsbit.nl/aex-koers-stijgt-richting-record-maar-goud-blijft-onverslaanbaar/
