{"id":4050,"date":"2026-02-23T18:01:53","date_gmt":"2026-02-23T07:01:53","guid":{"rendered":"https:\/\/www.amillex.com\/?p=4050"},"modified":"2026-02-23T18:01:54","modified_gmt":"2026-02-23T07:01:54","slug":"amillex-daily-market-commentary-tariff-war-escalates-again-gold-surges-on-safe-haven-demand","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/de\/2026\/02\/23\/amillex-daily-market-commentary-tariff-war-escalates-again-gold-surges-on-safe-haven-demand\/","title":{"rendered":"Amillex-Tagesmarktkommentar | Handelskrieg eskaliert erneut, Goldpreis steigt aufgrund der Nachfrage nach sicheren Anlagen\u00a0"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-e4f825f5fd9a5dffe20da0a6c18c00ad\" style=\"font-size:18px\">23. Februar 2026 \u2013 Die globalen Finanzm\u00e4rkte erlebten w\u00e4hrend der asiatischen Handelssitzung erneut Volatilit\u00e4t. Nach der Versch\u00e4rfung der Handelspolitik der Regierung am Wochenende floss Kapital, das in sichere Anlagen fl\u00fcchtete, rasch zur\u00fcck in den Edelmetallmarkt. Der Goldpreis stieg im fr\u00fchen asiatischen Handel sprunghaft an und pendelte sich bei rund 5.140 US-Dollar ein. Auf makro\u00f6konomischer Ebene lieferten die sich abschw\u00e4chenden US-Konjunkturdaten eine solide Begr\u00fcndung f\u00fcr den Goldpreisanstieg. Das US-BIP-Wachstum im vierten Quartal lag mit lediglich 1,41 Billionen US-Dollar deutlich unter den Markterwartungen und best\u00e4tigte eine deutliche Verlangsamung des Wirtschaftswachstums im Umfeld hoher Zinsen. Obwohl der US-Dollar-Index letzte Woche mit 97,80 Punkten den st\u00e4rksten Wochengewinn seit fast vier Monaten verzeichnete, blieb die Attraktivit\u00e4t des Dollars als sicherer Hafen angesichts hoher Z\u00f6lle und schwachen Wachstums \u2013 \u00e4hnlich einer Stagflation \u2013 hinter der von physischem Gold zur\u00fcck.&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-d7e2b908ccc9aee3a56e8f096fa501fa\" style=\"font-size:18px\"><strong>Anlagenperformance und Fundamentalanalyse<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-886757c2f4fa2629eded2bc0941eb3e0\" 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-07c0aba7d66925d024e068a3bc2f336a\" style=\"font-size:18px\"><strong>Dow Jones Industrial Average (DJI): 49.625,97<\/strong>, hoch\u00a0<strong>0,47%<\/strong>\u00a0Am Handelstag selbst entwickelte sich der Dow Jones, gest\u00fctzt von starken defensiven Sektoren, besser als der breitere Markt. Dies spiegelt eine Verlagerung hin zu Substanzwerten mit stabilen Cashflows inmitten makro\u00f6konomischer Unsicherheit wider.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-91b562145d9673b6c79c83aa989d83cd\" style=\"font-size:18px\"><strong>S&amp;P 500 (SP500): 6.879,32<\/strong>, runter\u00a0<strong>0,48%<\/strong>. Unterhalb der Marke von 6.900 Punkten stie\u00df der Index auf Widerstand, was die Vorsicht der Anleger hinsichtlich einer Ausweitung der Bewertungen unterstreicht, insbesondere aufgrund der Schw\u00e4che in den Bereichen Konsumg\u00fcter und Technologie.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-5be32c904ad8dbf83780668f96ae2833\" style=\"font-size:18px\"><strong>Nasdaq 100 (NQ1): 24.884,50<\/strong>, runter\u00a0<strong>0,73%<\/strong>. Wachstumswerte gerieten unter Umschichtungsdruck, da die Realzinserwartungen schwankten, was den Index in einen unruhigen Abw\u00e4rtstrend trieb.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-b0fb36219ddd3c16d07e55c7a9d46e89\" 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-5ff132c451ca9ebc43e67b3ed8a68bac\" style=\"font-size:18px\"><strong>Tesla (TSLA): 411,82 USD<\/strong>, geringf\u00fcgig gestiegen\u00a0<strong>0,03%<\/strong>. W\u00e4hrend die meisten Technologieaktien nachgaben, blieb Tesla stabil und bewies damit eine Widerstandsf\u00e4higkeit, die durch unternehmensspezifische Fundamentaldaten gest\u00fctzt wurde.\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-2c40eda73ad0b4dd86e3dcd6cfc18715\" 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-4ab46dc9ca252b6a826b2903a0a56913\" style=\"font-size:18px\"><strong>US-Dollar-Index (DXY): 97,366<\/strong>, runter\u00a0<strong>0,43%<\/strong>. Der Dollar stie\u00df oberhalb der Marke von 97 auf Widerstand, da die M\u00e4rkte begannen, m\u00f6gliche \u00c4nderungen der Geldpolitik der Federal Reserve einzupreisen, wobei die Liquidit\u00e4t allm\u00e4hlich in Nicht-US-W\u00e4hrungen und sichere Anlagen umfloss.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-f42ffce248122f6ef70c35f6ccc02a04\" style=\"font-size:18px\"><strong>USD\/JPY: 154,150<\/strong>, runter\u00a0<strong>0,57%<\/strong>. Sich verringernde Zinsdifferenzen und eine erneute Nachfrage nach dem Yen als sicheren Hafen dr\u00fcckten das W\u00e4hrungspaar unter die wichtige Marke.\u00a0<strong>155<\/strong>\u00a0Ebene.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-f330ec13e13efabcc135155595db6066\" style=\"font-size:18px\"><strong>EUR\/USD: 1,18328<\/strong>, hoch\u00a0<strong>0,47%<\/strong>. Der Euro konnte sich aufgrund der Dollar-Schw\u00e4che etwas erholen, doch die fragilen europ\u00e4ischen Fundamentaldaten begrenzten ein weiteres Aufw\u00e4rtspotenzial.\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-e8202cb5ec02b81bbd895f324d758a29\" style=\"font-size:18px\"><strong>Spot-Gold (XAUUSD): 5.151,26 USD pro Unze<\/strong>, hoch\u00a0<strong>0,84%<\/strong>. Gold setzte seine Gewinne fort, nachdem es sich fest \u00fcber dem Mindestpreis gehalten hatte.\u00a0<strong>5.000 USD<\/strong>\u00a0auf psychologischer Ebene, da geopolitische Risikopr\u00e4mien und langfristige Inflationserwartungen weiterhin eingepreist wurden.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-5f132c150c884e6ba2adf7fb76ea162d\" style=\"font-size:18px\"><strong>Spot-Silber (XAGUSD): 86,6198 USD pro Unze<\/strong>, ansteigend\u00a0<strong>2.35%<\/strong>. Silber wies starke High-Beta-Merkmale auf, wobei die Aufw\u00e4rtsdynamik Gold deutlich \u00fcbertraf.\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-d15c602d1025c5dcca7a9d2a95b76a49\" style=\"font-size:18px\"><strong>Roh\u00f6l (XTIUSD): 65,97 USD pro Barrel<\/strong>, runter\u00a0<strong>0,74%<\/strong>. Trotz anhaltender geopolitischer Risiken dominierten Sorgen \u00fcber ein sich verlangsamendes globales Wachstum die kurzfristige Preisbildung und l\u00f6sten eine technische Korrektur nahe dem\u00a0<strong>66 USD<\/strong>\u00a0Ebene.\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-d532b64c1e575daf8e2c7edb10fc8fcd\" style=\"font-size:18px\"><strong>4. Krypto-Assets und makro\u00f6konomische Entwicklungen<\/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-3103a252d15e0b74e2c4480d2bfbbd25\" style=\"font-size:18px\"><strong>Bitcoin (BTCUSD): 67.262 USD<\/strong>, runter\u00a0<strong>0,52%<\/strong>. Mit nachlassender Risikobereitschaft fiel Bitcoin unter\u00a0<strong>70.000 USD<\/strong>, wobei die Volatilit\u00e4t auf einen Mangel an neuen Kapitalzufl\u00fcssen hindeutet.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-03dd55bfbd1b50ebb3b493f594da1faf\" style=\"font-size:18px\"><strong>Ethereum (ETHUSD): 1.944,3 USD<\/strong>, runter\u00a0<strong>0,66%<\/strong>. Die Performance blieb hinter der von Bitcoin zur\u00fcck, was auf eine r\u00fcckl\u00e4ufige On-Chain-Aktivit\u00e4t und eine reduzierte Risikoallokation hin zu sekund\u00e4ren Krypto-Assets zur\u00fcckzuf\u00fchren 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-00f527f66b0cb966efc38679a5b0213a\" style=\"font-size:18px\"><strong>5. Keys 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-c328585b4253399d016265941712c157\" style=\"font-size:18px\">Neuseel\u00e4ndische Einzelhandelsums\u00e4tze im 4. Quartal (im Vergleich zum Vorquartal)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-78e1b59f6951ba5cf7070418a775f578\" style=\"font-size:18px\">Rede des Gouverneurs der US-Notenbank, Christopher Waller\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><\/p>","protected":false},"excerpt":{"rendered":"<p>23 February 2026 \u2013 Global financial markets saw renewed volatility during the Asian trading session. Following the government\u2019s hardline escalation of trade policies over the weekend, safe-haven capital flowed rapidly back into the metals market. Spot gold jumped in early Asian trade, hovering around USD 5,140.&nbsp;On the macro front, weakening US economic fundamentals provided solid [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":4047,"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-4050","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\/4050","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=4050"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/de\/wp-json\/wp\/v2\/posts\/4050\/revisions"}],"predecessor-version":[{"id":4051,"href":"https:\/\/www.amillex.com\/de\/wp-json\/wp\/v2\/posts\/4050\/revisions\/4051"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/de\/wp-json\/wp\/v2\/media\/4047"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/de\/wp-json\/wp\/v2\/media?parent=4050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/de\/wp-json\/wp\/v2\/categories?post=4050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/de\/wp-json\/wp\/v2\/tags?post=4050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}