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After yesterday's breathless Nvidia-led meltup, which saw the AI chipmaker surpass both $3 trillion in market cap and Apple's valuation, today's session was a boring affair by comparison, which saw the S&P close unchanged after a day in which the index barely moved. chart There were three reasons behind the lack of action. First, technicals. As Goldman's ...
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Data as of 31 May, 2024 Physically backed gold ETFs saw their first monthly inflow since last May, amounting to US$529mn. A stronger gold price (+2%) and inflows pushed gold ETFs’ total assets under management (AUM) 2% higher to US$234bn, the highest since April 2022. And with improved gold ETF demand in May, collective holdings rebounded to 3,088t, but ...