Friday December 31, 2021
Difficult times for precious metals
A successful year on the stock market ends with a loss
The last trading day in 2021 will end on Wall Street with slight drawbacks. Nonetheless, the leading indices performed splendidly over the year as a whole. For precious metals, on the other hand, things went less smoothly.
The US stock exchanges were weaker on the last trading day of the year. the Dow Jones lost 0.2 percent to 36,338 points. The technology-heavy one Nasdaq yielded 0.6 percent to 15,645 points and the broad one S&P 500 lost 0.3 percent to 4766 points.
In December, however, the Dow 5.4 percent that Nasdaq 0.7 percent and the S&P 4.4 percent. This gained 10.7 percent in the fourth quarter, the Dow 7.4 percent and the Nasdaq 8.3 percent. Over the year, the price gains were even more pronounced: The Dow rose by 18.7 percent in 2021, the Nasdaq 21.4 percent and the S&P 26.9 percent. All three indices rose for the third year in a row.
In Europe, trading was still in France and Great Britain, albeit shortened. the Dax had already said goodbye on Thursday of 2021. Significant price gains were also recorded in Europe over the course of the year. The broad one STOXX 600 was 22 percent higher after the closing of the leading trading centers, the second largest increase since 2009. The French led the leading indices of the individual countries CAC40 with a plus of 29 percent ahead of the Dax with 16 percent and the British FTSE with 14 percent.
In contrast, the year was less brilliant for precious metals. gold fell about four percent, the largest annual loss since 2015. For silver it went down by more than eleven percent, more than since 2014. palladium it pulled 22.2 percent down, the first annual loss in six years. platinum lost more than nine percent.
Experts do not initially expect the equity rally to continue at the beginning of 2022. However, they still see room for improvement in the further course of the year, even if not for similarly large leaps as in the past year. “As the monetary policy support is waning and the pandemic is not over, next year it should come down to a single-digit percentage increase,” said Robert Greil from the Merck Finck bank recently.