{"id":3817,"date":"2026-02-04T15:37:33","date_gmt":"2026-02-04T04:37:33","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3817"},"modified":"2026-02-04T15:37:35","modified_gmt":"2026-02-04T04:37:35","slug":"amillex-daily-market-commentary-political-uncertainty-fuels-gold-rebound-above-4900","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/de\/2026\/02\/04\/amillex-daily-market-commentary-political-uncertainty-fuels-gold-rebound-above-4900\/","title":{"rendered":"Amillex-Tagesmarktkommentar | Politische Unsicherheit treibt Goldpreiserholung \u00fcber 4.900 an\u00a0"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-40b4c720191c028f9f7143974cf95997\" style=\"font-size:18px\">Am 4. Februar 2026 gerieten die globalen Finanzm\u00e4rkte nach einer hochkar\u00e4tigen Nominierung durch die Trump-Administration erneut in starke Turbulenzen. Mit der Nominierung des eher restriktiv orientierten Kevin Warsh als Nachfolger des scheidenden Jerome Powell wurde das Vertrauen der M\u00e4rkte in die k\u00fcnftige Geldpolitik der Federal Reserve ersch\u00fcttert.&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-ba2e9a6c6c097c80ba6a2d508a059d54\" style=\"font-size:18px\">Trotz des Anstiegs des US-Einkaufsmanagerindex f\u00fcr das verarbeitende Gewerbe im Januar auf 52,6, den h\u00f6chsten Stand seit fast dreieinhalb Jahren \u2013 was die Widerstandsf\u00e4higkeit und das Wachstum der Binnennachfrage unterstreicht \u2013 fiel der US-Dollar-Index am Dienstag paradoxerweise um 0,12% auf 97,42 und beendete damit seine vorherige Rallye von 1,5%.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-5e42f18905b9affdc52980fec9436b99\" style=\"font-size:18px\">Angetrieben von dieser Unsicherheit erlebte der Goldpreis am Dienstag eine dramatische Erholung und stieg im Tagesverlauf um mehr als 61.300 US-Dollar \u2013 der gr\u00f6\u00dfte Tagesgewinn seit der Finanzkrise 2008. Im asiatischen Handel stabilisierte sich der Goldpreis bei rund 4.974 US-Dollar, da solide Fundamentaldaten in Verbindung mit durch den sogenannten \u201eWarsh-Schock\u201c ausgel\u00f6sten Short-Eindeckungen eine starke Wirkung entfalteten.&nbsp;<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-align-center has-black-color has-text-color has-link-color wp-elements-f170edda134711bc7ddb4faab9683a70\" style=\"font-size:20px\"><strong>Wertentwicklung und Fundamentalanalyse des Verm\u00f6gensmarktes<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-0819a3863ca0df6beba3bcd366ba958e\" style=\"font-size:18px\"><strong>1. US-Aktienm\u00e4rkte<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-11a8b7ba65f6a75934a331b5b63d7d73\" style=\"font-size:18px\"><strong>Indexperformance<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-e944cca36dbe31d1d306d33f1ace9eae\" style=\"font-size:18px\"><strong>Dow Jones Industrial Average (DJI):\u00a0<\/strong>Geschlossen um\u00a0<strong>49.240,99<\/strong>, runter\u00a0<strong>167,42 Punkte<\/strong>\u00a0oder\u00a0<strong>0,34%<\/strong>Der Markt notiert knapp unter der psychologischen Marke.\u00a0<strong>50.000 Punkte<\/strong>\u00a0Mit \u00dcberschreiten dieser Schwelle verst\u00e4rkte sich der Verkaufsdruck auf Schwergewichtsaktien angesichts der wachsenden Unsicherheit im Zusammenhang mit der Nominierung des Fed-Vorsitzenden.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-066f569346e5d8ad9b1beca25e2c1164\" style=\"font-size:18px\"><strong>S&amp;P 500 Index (SP500):\u00a0<\/strong>Geschlossen um\u00a0<strong>6.918,08<\/strong>geringf\u00fcgig gesunken\u00a0<strong>0,01%<\/strong>W\u00e4hrend der Index \u00fcber dem\u00a0<strong>6.900<\/strong>\u00a0Auf diesem Niveau wurden Gewinnmitnahmen bei Technologieaktien durch Mittelzufl\u00fcsse in defensive Sektoren teilweise kompensiert.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-6e0a7adf656d36eaab1dda73ddfaa332\" style=\"font-size:18px\"><strong>Nasdaq 100 Index (NQ1):\u00a0<\/strong>Geschlossen um\u00a0<strong>25.432,00<\/strong>, runter\u00a0<strong>0,08%<\/strong>. Zuvor \u00fcberbelegte Positionen in KI- und Halbleiteraktien stehen angesichts einer j\u00fcngsten Welle des Schuldenabbaus unter technischem Druck.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-8d715533c6ec58385a9f16bb657d1e8f\" style=\"font-size:18px\"><strong>Aktien-Highlight<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-3fa070c7176e3e9f2e1816557a5bc189\" style=\"font-size:18px\"><strong>Intel (INTC):\u00a0<\/strong>Geschlossen um\u00a0<strong>49,25 USD<\/strong>, hoch\u00a0<strong>0,90%<\/strong>Die Unterst\u00fctzung aus dem Speichersegment und die Erholung der Fundamentaldaten trugen dazu bei, dass die Aktie den breiteren Markt \u00fcbertraf.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-f7397c4fcc210b1bc8b1b9f1722c1d25\" style=\"font-size:18px\"><strong>2. Devisenmarkt<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-63f46150ea91eb2f8100d8294b1be342\" style=\"font-size:18px\"><strong>US-Dollar-Index (DXY):\u00a0<\/strong>Bei\u00a0<strong>97.381<\/strong>, runter\u00a0<strong>0,23%<\/strong>Nach der Nominierung von Kevin Warsh zum Fed-Vorsitzenden haben die Erwartungen hinsichtlich seiner m\u00f6glichen Politik der \u201eBilanzreduzierung + Zinssenkungen\u201c zu einer Neubewertung der Dollar-Liquidit\u00e4t gef\u00fchrt und den Greenback kurzfristig unter Druck gesetzt.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-224e59f704008254954f27a9b70c49fd\" style=\"font-size:18px\"><strong>EUR\/USD:\u00a0<\/strong>Bei\u00a0<strong>1.1814<\/strong>, runter\u00a0<strong>0,02%<\/strong>Trotz der Dollar-Schw\u00e4che begrenzten die ged\u00e4mpften Inflationserwartungen in der Eurozone das Aufw\u00e4rtspotenzial des Euro.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-c4d5517dbab14c2315e9ad9db4e7bfa9\" style=\"font-size:18px\"><strong>USD\/JPY:\u00a0<\/strong>Bei\u00a0<strong>155.88<\/strong>, hoch\u00a0<strong>0,11%<\/strong>Die \u00c4u\u00dferungen von Premierministerin Sanae Takaichi, wonach ein schw\u00e4cherer Yen den Exporten zugutekommt, reduzierten die Markterwartungen an eine baldige Zinserh\u00f6hung durch die Bank von Japan weiter.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-ff6a8b443a8bd973ca90a6f1108af1cf\" style=\"font-size:18px\"><strong>3. Edelmetalle und Rohstoffe<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-c39cbaecb9bf76e699535ea0988df6dd\" style=\"font-size:18px\"><strong>Edelmetalle<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-417530e2642f6d99fbf28d3d3ab58936\" style=\"font-size:18px\"><strong>Spot-Gold (XAUUSD):<\/strong>\u00a0Bei\u00a0<strong>4.979,33 US-Dollar pro Unze<\/strong>, sich erholen\u00a0<strong>0,66%<\/strong>\u00a0Intraday. Nach dem gr\u00f6\u00dften Tagesverlust seiner j\u00fcngeren Geschichte erlebt Gold eine Erholung im \u00fcberverkauften Bereich.\u00a0<strong>5.000 USD<\/strong>\u00a0Diese Ebene erweist sich als ein wichtiger makropsychologischer Abwehrmechanismus.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-9db1078b2241ed6cb70cf764c77877a4\" style=\"font-size:18px\"><strong>Spot-Silber (XAGUSD):<\/strong>\u00a0Bei\u00a0<strong>85,0932 US-Dollar pro Unze<\/strong>, runter\u00a0<strong>0,27%<\/strong>Nach extremen Schwankungen konsolidiert sich Silber auf einem erh\u00f6hten technischen Niveau, da sich der Kampf zwischen industrieller Nachfrage und der Nachfrage nach sicheren Anlagen versch\u00e4rft.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-9475610fc825ef459f8fc74a4c4a5372\" style=\"font-size:18px\"><strong>Rohstoffe<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-9c0808570739395283a07a5813e5227b\" style=\"font-size:18px\"><strong>WTI-Roh\u00f6l (XTIUSD):<\/strong>\u00a0Bei\u00a0<strong>63,88 USD pro Barrel<\/strong>, runter\u00a0<strong>0,09%<\/strong>Da die geopolitischen Risikopr\u00e4mien rasch nachlie\u00dfen, fielen die \u00d6lpreise unter den\u00a0<strong>64 USD<\/strong>\u00a0Das Niveau sucht nach einem kurzfristigen Tiefpunkt.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-e95bfcffc4ef56e88ac33e6beb86e109\" style=\"font-size:18px\"><strong>4. Digitale Assets und Makrodynamik<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-f5cc1f046d293caf60bcf3aa0562e791\" style=\"font-size:18px\"><strong>Bitcoin (BTCUSD):\u00a0<\/strong>Bei\u00a0<strong>75.890 USD<\/strong>, sich erholen\u00a0<strong>0,30%<\/strong>Nach dem Einbruch unterhalb\u00a0<strong>80.000 USD<\/strong>Spekulative Verm\u00f6genswerte haben eine erh\u00f6hte Sensibilit\u00e4t gegen\u00fcber Ver\u00e4nderungen der Dollar-Liquidit\u00e4tsbedingungen gezeigt.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-b4c8837ce090d23bfd13fca49d01df54\" style=\"font-size:18px\"><strong>Ethereum (ETHUSD):\u00a0<\/strong>Bei\u00a0<strong>2.243,6 USD<\/strong>, hoch\u00a0<strong>0,58%<\/strong>Gest\u00fctzt durch technische K\u00e4ufe hat sich ETH nahe dem\u00a0<strong>2.200 USD<\/strong>\u00a0Das Unterst\u00fctzungsniveau ist zwar hoch, doch deuten Indikatoren der relativen St\u00e4rke darauf hin, dass die Position weiterhin schwach ist.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-21019b0d8b61026b54145cce98b0069d\" style=\"font-size:18px\"><strong>5. Heutiger Fokus<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-1e6e1cb929cdb16ebd99c39c63b292e5\" style=\"font-size:18px\"><strong>Neuseeland:<\/strong>\u00a0Besch\u00e4ftigungsver\u00e4nderung (im Vergleich zum Vorquartal)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-78db9acf2074024f091788806384bc69\" style=\"font-size:18px\"><strong>Neuseeland:<\/strong>\u00a0Arbeitslosenquote\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-d0ba8011b8a05e95be2e1d4d476bf776\" style=\"font-size:18px\"><strong>Eurozone:<\/strong>\u00a0Kern-VPI-Schnellsch\u00e4tzung (im Jahresvergleich)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-be7ab60a04aba75e4c989fc9b983cef1\" style=\"font-size:18px\"><strong>Eurozone:<\/strong>\u00a0Schnelle Sch\u00e4tzung des Verbraucherpreisindex (im Jahresvergleich)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-dcff29aaf124df6266383302f505fd3c\" style=\"font-size:18px\"><strong>Vereinigte Staaten:<\/strong>\u00a0Ver\u00e4nderung der Besch\u00e4ftigung au\u00dferhalb der Landwirtschaft laut ADP\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-bb912f2ac6e0e0abd0deb7dda19947c1\" style=\"font-size:18px\"><strong>Vereinigte Staaten:<\/strong>\u00a0ISM Services PMI\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>","protected":false},"excerpt":{"rendered":"<p>On February 4, 2026, global financial markets were once again thrown into sharp volatility following a heavyweight nomination by the Trump administration. With the nomination of the more \u201chawkish-leaning\u201d Kevin Warsh to succeed the soon-to-depart Jerome Powell, market confidence in the future policy path of the Federal Reserve has been shaken.&nbsp; Despite the U.S. January [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":3838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[8],"tags":[],"class_list":["post-3817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.amillex.com\/de\/wp-json\/wp\/v2\/posts\/3817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amillex.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amillex.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/de\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/de\/wp-json\/wp\/v2\/comments?post=3817"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/de\/wp-json\/wp\/v2\/posts\/3817\/revisions"}],"predecessor-version":[{"id":3818,"href":"https:\/\/www.amillex.com\/de\/wp-json\/wp\/v2\/posts\/3817\/revisions\/3818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/de\/wp-json\/wp\/v2\/media\/3838"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/de\/wp-json\/wp\/v2\/media?parent=3817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/de\/wp-json\/wp\/v2\/categories?post=3817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/de\/wp-json\/wp\/v2\/tags?post=3817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}