DAX bends one
Trump-Zölle unsettle stock exchanges-gold at record high
04.04.2025 – 10:41 a.m.Reading time: 4 min.
US President Donald Trump’s XXL tariffs announced the world. The stock markets react with losses, the gold price reaches an all -time high.
The international financial markets fell vigorously on Thursday. With the announcement of a comprehensive customs package, US President Donald Trump has unsettled investors worldwide. The DAX slipped significantly and marked the deepest level since the beginning of February. Raw materials also came under pressure, while gold climbed to a new all -time high as a safe harbor. Experts make the alarm in view of the economic risks – including Bundesbank President Joachim Nagel.
The German leading index Dax fell at the start of the trade and recently lost 2.3 percent to 21,873 points. He has reached the lowest level since the beginning of February. The MDAX of medium -sized companies also came under pressure from 2.44 percent to 26,824 points. The Eurozone-Leiten-Leindex EUROSTOXX 50 also gave up by over two percent.
Pretty much all industries came under pressure. It hit papers from car builders and chemical values, which then caught again. Shares of sporting goods manufacturers such as Adidas and Puma each broke up around 9 percent because the Southeast Asian area is an important production location for them and Trump covers countries from this region with particularly high tariffs.
Trump had threatened with massive tariffs for weeks, now he had followed the words. From Saturday, imports from all countries are to be occupied with a flat rate of ten percent inches. A set of 20 percent even applies to exports from the European Union – an unprecedented approach. Stephen Dover, market strategist at Franklin Templeton, even speaks of the “end of the free trade era”. Overall, the tariffs from Trump are “much higher than expected,” he said.
Investors fled from stocks and invested increasingly in government bonds and precious metals that are considered safe systems. Gold was particularly in demand. The price for a troy ounce (around 31.1 grams) on Thursday night on the stock exchange in London on the record high of $ 3,167.84. There were then winning, but the price was still at a very high level with around $ 3,128.
“The prospect of slowing down the economy through the tariffs nourishes speculations on further interest rate reductions from the US Federal Reserve,” explains analyst Kyle Rodda from the trading platform Capital.com. This makes gold more attractive as a form of investment, because it does not throw interest rates. This year alone, gold has already gained over 15 percent of value.
According to German Bank expert Michael Hsueh, the extraordinarily high demand will continue to stop in the future-including by central banks and Chinese insurance.
In addition to the stock markets, raw material prices also came under pressure. The North Sea oil variety Brent took 2.5 percent to $ 73.03 per barrel (159 liters), US light oil WTI fell to $ 69.75. Industrial metals such as tin, aluminum, copper and nickel also gave up by up to over three percent.
“The copper and oil futures are a yardstick for global growth, and the demand for oil depends particularly strongly on the emerging countries- especially in Asia, where some of the tariffs are particularly high,” explained Vivek Dhar, raw material strategist at the Commonwealth Bank of Australia.
The criticism of US trade policy is also growing on the official side. Bundesbank President Joachim Nagel warned of a threat to global economic stability: “False because the prosperity of everyone is attacked,” said Nagel. The tariffs would slow down worldwide growth and drive up prices. Overall, the degree of uncertainty of the market participants increases noticeably.
From the Nagel’s point of view, this is not a good environment for stable financial markets. “This will also be put to the test in monetary policy.” The situation must be re -evaluated within the European Central Bank. The next interest session of the ECB will take place in Frankfurt in two weeks. According to retailers, the likelihood of a interest rate is already over 80 percent on the financial market.
