After a strong rally, gold is currently undergoing a correction. The price has fallen below the psychologically important USD 5,000 per ounce mark - and there are clear reasons for this.

$IGLN (-2.58%)
$GLDA (-2.98%)
$4GLD (-3.31%)
$GOLD (-7.77%)
$GOLD
$DE000EWG0LD1 (-2.99%)

_________________________

📊 1. current development

• Gold price most recently at around USD 5,019
• Previous all-time high: USD 5,420
• Decline: around -3% within a short period of time

💡 Classification:

After the strong rally, this is a classic technical correction - but with fundamental triggers.

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🏦 2nd main reason: Fed & interest rates

The most important driver at the moment:

👉 Uncertainty ahead of the interest rate decision by the US Federal Reserve (Fed)

• Markets are waiting for signals on interest rate cuts
• Interest rates remain high → negative for gold
• Why is that? Gold yields no interest and becomes less attractive with high yields

➡️ The Fed meeting is seen as a decisive turning point for future developments

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💵 3. strong US dollar as a burden

Another key factor:

• The US dollar is gaining strength
• This makes gold more expensive for international buyers
• Demand falls → price comes under pressure

👉 Classic correlation:

Stronger dollar = weaker gold price

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📉 4. important brands at a glance

Currently decisive:

• 🧱 Support: approx. 4,900 USD
• 🧠 Psychological mark: USD 5,000

➡️ A sustained break below this level could trigger further selling.

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⚖️ 5. Paradoxical situation on the market

Despite:

• geopolitical tensions
• inflation
• global uncertainty

... gold is currently weakening.

💡 Background:

Macro factors such as interest rates and the dollar are overshadowing safe-haven demand in the short term.

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🧠 Conclusion

The fall below USD 5,000 shows:

👉 Gold is currently not a sure-fire success

👉 Macro (Fed + dollar) dominates the market

Short term:

• High volatility
• Focus on Fed decision

Medium term:

• Gold could benefit strongly again if interest rates are cut

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🔗 Source

ad-hoc-news.de: Goldpreis bricht unter 5.000 Dollar ein – Fed-Entscheidung am 17./18. März entscheidend für DACH-Investoren

$4GLD (-3.31%)

It is available at Scalable but not tradable, on which broker can it be traded?

The military escalation between the USA, Israel and Iran is causing strong market movements worldwide. Investors are shifting out of cyclical sectors and into security, energy and defense.

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Bitcoin $BTC (-1.38%) shows surprising stability

• 📈 In the meantime +8,1 %
• 💰 Just over 70,000 dollars
• Stabilization at around 69,000 dollars

Despite geopolitical risks, Bitcoin is apparently being used as a liquidity parking lot in the short term. At the same time, volatility remains high - further escalations could trigger new spikes.

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🛢 Oil prices up significantly

• Brent: + just under 6 %
• WTI: + a good 5 %
• In the meantime even +13 %

According to the report, the USA is currently no release from the strategic oil reserve. The market is still considered to be supplied, but the situation remains tense.

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🏦 Banks under pressure

The European banking index loses around 3,5 % - sharpest decline since April 2025.

Particularly affected:

• HSBC - $HSBA (-2.07%)
• Barclays - $BARC (-3.16%)
• Standard Chartered - $STAN (-5.5%)
• Deutsche Bank - $DBK (-2.1%)
• BNP Paribas - $BNP (-1.81%)
• BBVA - $BBVA (-0.58%)
• Commerzbank - $CBK (-3.21%)

In the USA also weaker until the US opening:

• Bank of America - $BAC (-0.02%)
• Citigroup - $C (-0.01%)

Reason: Strong Middle East business of many institutions and general risk aversion of investors.

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✈️ Travel industry collapses

High oil prices and uncertainty weigh heavily on tourism stocks:

• TUI - $TUI1 (-2.54%) (-11 %)
• Lufthansa - $LHA (-3.98%) (-11 %)

Flights to the region are canceled, travel offers suspended. Investors fear rising costs and falling booking figures.

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💎 Luxury stocks clearly in the red

The European luxury index loses almost 4 %.

Strongly affected:

• Richemont - $CFR (-2.34%)
• Swatch - $UHR (-0.3%)
• LVMH - $MC (-1.04%)
• Hermès - $RMS (-2.25%)
• Kering - $KER (-1.83%)
• Brunello Cucinelli - $BC (-1.54%)
• Moncler - $MONC (-1.74%)
• Ferragamo - $SFER (-1.52%)

Background:

Luxury is heavily dependent on global travel. Capital flows out of cyclical stocks.

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🛡 Defense stocks as clear winners

Geopolitical tensions drive up defense stocks:

• BAE Systems - $BA. (+0.56%)
• Lockheed Martin - $LMT (-0.03%)
• RTX - $RTX (-0.17%)
• Kratos - $KTOS (-1.44%)
• Hensoldt - $HAG (-1.23%)
• Leonardo - $LDO (-1.06%)
• Renk - $R3NK (-3.25%)
• Rheinmetall - $RHM (-0.67%)

Partial price increases of 3-6 %.

The focus is particularly on missile defense systems and possible increases in defense budgets.

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🚢 Shipping companies benefit

Transport values increase due to detour (avoidance of Hormuz, Suez Canal & Bab al-Mandab):

• Maersk - $MAERSK A (+1.17%)
• Hapag-Lloyd - $HLAG (+4.52%)
• Torm - $TRMD A (-0.47%)
• Frontline - $FRO (-1.07%)
• Hoegh Autoliners $HAUTO (+1.64%)

Reason: Shortage of transport capacity and speculation on rising freight rates.

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🥇 Gold in demand

• Gold price: +2,5 %

Profiteers in mining stocks:

• Evolution Mining - $EVN (-8.01%)
• Northern Star - $NST (-7.15%)

The sector has been showing relative strength for several days.

$4GLD (-3.31%)
$GOLD
$GOLD (-7.77%)

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📊 Market logic clearly recognizable

Winner:

🛡 Armaments

🚢 Shipping companies

🥇 Gold

₿ Bitcoin (short-term)

Losers:

🏦 Banks

✈️ Travel

💎 Luxury

_________________________

🔎 Conclusion

The market reaction follows the classic pattern of geopolitical crises:

• Risk is reduced
• Capital seeks security
• Energy prices rise
• Defense stocks benefit

The decisive factor remains whether the situation eases diplomatically - or escalates further.

_________________________

Source:

Reuters: Anleger greifen bei Bitcoin als "Fluchtvehikel" zu (Via TradingView)

Before March gets off to a turbulent start tomorrow due to the unrest in the Middle East (my gold will be happy!?), I am enjoying the fact that February just ended so green.

A whole 0.96%📈 positive return was achieved in February.

(According to getquin even 1.6%📈🧐)

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Winners and losers February 2026,

sorted by percentage return

Individual stocks:

$CVX (+0.43%) + 7,5% 📈

$ONDS (-1.26%) + 7,3% 📈

$PNG (-0.41%) + 3,5% 📈

$RBRK (-0.22%) - 1,5% 📉 (added 27.02.)

$LMND (-1.73%) - 10,8% 📉 (added 24.02.)

$RKLB (-2.39%) - 13,8% 📉

$SOFI (-0.89%) - 22,1% 📉

$IREN (-1.79%) - 26,4 % 📉

Derivatives:

$DE000PF5R6A4 (-10.47%) + 47% 📈 (Has been running since 10.02.2026)

$DE000VH5Y352 (-18.29%) - 27,4% 📉 (Has been running since 02.02.2026)

Crypto:

$BTC (-1.38%) - 15,4% 📉

$ETH (-0.88%) - 18,9% 📉

Precious metals:

$4GLD (-3.31%) + 7,9% 📈

________________________

Since the beginning of the year

The year started with just under €15,000.

Annual target: €25,000.

Almost 28% of this has already been achieved. So I'm on the right track.

Positive return of + 7.86% 📈

_________________________

Distribution of assets

What does your February look like?

$BTC (-1.38%) continues to slide. I do not see any trend for rising prices in the coming months. While gold $4GLD (-3.31%) and silver $SLVR (-5.97%) are in demand, Bitcoin cannot establish itself as a safe crisis currency but remains speculative.

Hello and best regards from Bavaria,

I have the iShars Physical Gold ETC in my portfolio $IGLN (-2.58%) .

Custody account value approx. 12,500€, of which 4,500€ are price gains.

I took it at the time because it was the largest gold ETC at TradeRepublic.

After researching, I found out that this gold ETC is not tax-exempt. This means that if I were to sell it now, I would be subject to withholding tax, etc.

At the same time, I have just opened a custody account with JustTrade. Actually only to invest a very small part in Epi's (@Epi ) Wikifolio.

There I saw that the Xetra Gold $4GLD (-3.31%) is available.

This is tax-free after a holding period of one year.

Now my question:

1. sell the existing iShares ETC and take the tax deduction in full and switch to the Xetra? Disadvantage here: The tax deduction of around €1000 is lost and can no longer "work" for me.

2. or simply keep the iShares ETC and only save in xetra Gold in future? Disadvantage here: If the gold price continues to rise, the price gain on the iShares ETC will also continue to rise. As a result, the withholding tax payable on a later sale will continue to rise.

What would you decide on, or your opinion?

Best regards

A few days before the end of January, I was still enjoying a 15% return - then it fell rapidly.

Nevertheless, I am satisfied.

Below are the portfolio values and their performance in January:

Precious metals

$4GLD (-3.31%) ➕ 12,4 %

• Portfolio share: approx. 67 %

_________________________

Crypto assets

$BTC (-1.38%) ➖ 11,9 %

• Portfolio share: approx. 7 %

$ETH (-0.88%) ➖ 20,7 %

• Portfolio share: approx. 5 %

_________________________

Individual stocks

$IREN (-1.79%) ➕ 24,6 %

• Portfolio share: approx. 2.3 %

$PNG (-0.41%) ➕ 17,3 %

• Portfolio share: approx. 4.3 %

$CVX (+0.43%) ➕ 12,3 %

• Depot share: approx. 0.9 %

$RKLB (-2.39%) ➕ 4,3 %

• Depot share: approx. 5 %

$SOFI (-0.89%) ➖ 17,8 %

• Deposit share: approx. 1.9 %

$HIMS (-1.91%) ➖ 19,8 %

• Deposit share: approx. 1.3 %

WOW, a very good morning I would say 🌅

that's what I call a start to February. Makes me immediately happy when I see it 😇

all the price alerts have exploded and robbed me of my sleep

Let's see what the week has in store...

$BTC (-1.38%)
$PHAG (-4.95%)
$4GLD (-3.31%)
$CSNDX (-0.32%)
$ETH (-0.88%)
$VUSA (-0.46%)