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The Dow Jones index rebounded after a drop following the US consumer price index reading, with a key resistance at 44,600 and a target of 45,000. The Nasdaq 100 also recovered from its lows, eyeing January highs at 21,940 and 22,130. Meanwhile, the Nikkei 225 continued its upward trend, reaching 39,500, with further gains targeting 39,830 and 40,500.
Gold prices have surged over 50% since October 2023, reaching $2,801.00 per troy ounce, driven by strong central bank demand, particularly from China. Analysts suggest that if the current momentum continues, the psychological target of $3,000.00 could be achieved by the end of Q1 2025, with further potential upside to $4,000.00 in a prolonged bull market. However, risks such as a stronger US dollar and rising real yields could impact gold's appeal as a safe-haven asset.
The Dow Jones surged 700 points following a softer US inflation reading, recovering to 43,300, with a target of 45,000 in sight. The S&P 500 is approaching key resistance levels near 6000, while the Nikkei 225 remains stagnant below 39,000, despite strong buying support around 38,000.
The DAX 40 reached a record high of 19,929.08 on December 1, despite weak economic indicators, including a declining ifo business climate index and a contraction in the services PMI. This surge occurs amid predictions of a 0.2% GDP contraction for Germany in 2024, raising concerns about a potential recession. While the index has gained 18% year-to-date, traders are advised to remain cautious due to overbought conditions and ongoing political and economic challenges in Europe.
Dow Jones U.S. Select REIT Inde
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Dow and Nasdaq rebound stalls while Nikkei 225 continues upward trend
22:38 13.02.2025
gold price surges towards three thousand amid strong central bank demand
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Dow Jones U.S. Select REIT Inde
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13:34 31.01.2025
US stock markets rally while Nikkei 225 remains stagnant below 39000
22:22 16.01.2025
DAX 40 reaches record high amid economic concerns and political uncertainty
22:41 02.12.2024
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