Gold Prices Surge Towards $4,400 as France's Political Turmoil Fails to Dent Euro or Dax
Gold prices are surging to new heights, with the next target around $4,400 per ounce. Meanwhile, political turmoil in France has had limited impact on global markets, with the Euro and Dax showing resilience.
Gold is attracting increased interest from private investors, driving record high prices. The next price target is set around $4,400 per ounce. In contrast, France's political situation has not sparked contagion. The Euro weakened slightly against the US dollar on Tuesday morning, with one Euro worth 1.1682 dollars. However, the Dax remained stable, opening at approximately 24,390 points.
Investors are eager for clarity from French President Macron. Political analyses estimate the probability of new elections as low to medium, given voter dissatisfaction. Other scenarios, such as government reshuffles or minority administrations, are also being considered. Despite concerns, the Dax has shown no significant reaction. The Israeli stock exchange, however, has been performing exceptionally well, outpacing major exchanges like the US, Germany, and Japan since the start of the year.
Gold prices continue to climb, with private investors driving record highs. France's political situation, while contained, is being closely watched by investors seeking clarity. The Euro and Dax have shown resilience, with the Dax remaining stable despite political uncertainties.
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