Gold & Silver Poised For More Gains📱FLNC DECK 📈 EXAS ZX📉

FlowBank's hand-curated fresh financial news [header_noDither] Metals Poised for Further Gains Gold, silver, and copper have all experienced significant rallies, with gold reaching $2,449.89 per ounce and silver surpassing $31 per ounce. Despite a brief pullback, these metals remain near record highs. Analysts attribute the surge to strong Chinese demand, U.S. dollar weakness, and supply challenges. UBS forecasts gold hitting $2,600 by year-end, while Citi predicts copper could reach $15,000 per ton in the next 12-18 months. Silver, with its industrial uses and tight supply, is also well-positioned to benefit from rising gold prices and potential Fed rate cuts. WHAT'S MOVING [Group 1742 (5)-3] [Start Trading](113/cXx8Z04/MVK1d_Nnz-RW18zy6B39GnQNW2z6fd_5fD8SfN8wLL5x2-ZVTW6N1vHY6lZ3ntW7g-p9p2DChyzW98FVDJ49ZRMCW4rGY6S6_L2rBW9lVDMS2Yd_VhW6zFzpr4ymgZGW7W0Qsm2Jpgm0V1xM_H6-ymF3W55cvh-7JkhTWVygKYG622mVXW1Dk2tB72K3-gW3DF7fT4jBvtMW2gyKvh5bQyXcW4jl7W-51HmWFW7y5pDl2YjZ0lW4pd7C04X8BM5W8rTFxx43yNZwW6Vn4Pf3RVHrNN7rrhSk1DNXwW8rP8bh95fzN-W1zRLZ65QrtfkVPxhWS85vz4nN8W1-F9x0RX0f8pcV_z04) [Group 3 (4)-4] HYBE Hybe sold 755,000 SM Entertainment shares for $50 million, reducing its stake to 9.37%, causing both companies' stocks to fall. [Group 1754 (5)-1] Amazon AWS Amazon’s AWS plans to invest billions of euros in expanding its data center business in Italy, following major investments in Spain and Germany. [Group 1753 (6)-1] Google AI Overview Google’s AI Overview tool faced backlash for inaccurate answers, leading to swift corrective actions, similar to previous issues with its Gemini tool. WHAT'S COMING UP? USD: CB Consumer Confidence (May): Exp. 96.0 v Prev. 97.0 IN OTHER NEWS Wall Street Stock futures rose Monday night as investors anticipated upcoming inflation data. Dow Jones futures added 0.1%, S&P futures gained 0.1%, and Nasdaq 100 futures edged up 0.2%. Stocks are set to finish May strong, buoyed by earlier softer inflation data and better-than-expected quarterly earnings, suggesting possible early rate cuts. [Group 1769] Europe European markets closed slightly higher on Monday. The Stoxx 600 rose 0.28%, with most sectors in the green. Germany’s Dax and France’s CAC gained around 0.4%, while Italy’s FTSE MIB and Spain’s Ibex 35 increased by 0.7%. MARKET INSIGHTS Sell in May and Go Away? How Market Forces are Shaping the Rest of 2024 “Sell in May and go away” is an old Wall Street adage based on the assumption that historical market returns tend to cluster around a six-month window beginning in November and ending in April. 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