The AEX price shows a slight increase today and therefore comes to 888.81 points. However, that is not enough to give the bulls hope for a strong period. After all, the AEX recently acted above 900 points. In that respect, the momentum has now disappeared, and investors seem to focus on gold.
Investors choose gold
There is a special scenario in the United States. The economy looks solid to strong, while inflation is also increasing. These are normally not the circumstances under which you would expect interest rates from the US Central Bank.
Yet they seem to be coming. For the interest meeting of September 17, the market sees a chance of almost 90 percent on a reduction. Then there is even a chance of 36.7 percent that we end up 2025 with three interest rates.
As a result, we see inflation expectations, which makes it unattractive for investors to maintain American government bonds. It is not for nothing that we see the interest rates rising considerably and try to break the government loans with a 30 -year -old interest rate boundary of 5 percent.
Due to the strong economy that the US central bank will also stimulate, it becomes attractive for investors to keep gold. At the same time, care is caused by narrative in the market, so that the precious metal now takes momentum compared to other investments.
Problems for the AEX
A strong period for the gold price could cause the AEX some problems. In general, shares do it a bit less when gold starts to render. In the weekly graph we also see that the AEX lost important support points, and is now looking for support on the 100-week and possibly even 200-week exponential average of the course.
In any case, it has not become the year of the AEX for the time being. With a return of more than 30 percent, gold remains the absolute king, while the Chinese stock market is also doing fantastic. Germany had a strong period (Dax), but now seems to be sinking away.
At the time of writing, there is only a return of 0.31 percent for the AEX. This leaves a negative return after the wealth tax. In that respect, most AEX investors will not be very cheerful from 2025.
Source: https://newsbit.nl/aex-koers-licht-omhoog-focus-verschuift-naar-goud/
