Gold fails to extend gains as traders await the US CPI and Middle East developments

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SK Hynix Inc. signage at the company’s office in Seongnam, South Korea, on Tuesday, June 30, 2026. SeongJoon Cho | Bloomberg | Getty Images Asian semiconductor stocks tumbled Thursday, as a sell-off in U.S. chipmakers spilled into the region, with SK Hynix continuing to see massive volatility since its U.S. listing last week. Shares of…

Dividend stocks are compounding machines. The combination of income and growth that these investments provide can really add up over the years. Energy infrastructure giant Enbridge (ENB +1.42%) is a prime example. It has turned a $50,000 investment made three decades ago into more than $1.1 million today. The low-risk dividend stock has plenty of…

United Overseas Bank’s Quek Ser Leang and Lee Sue Ann note USD/SGD reversed its New York-session plunge after softer United States (US) Consumer Price Index (CPI), closing near 1.2910. UOB’s Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) model suggests the Singapore Dollar will stay 1.50–2.00% above midpoint, implying a 1.2874–1.2939 USD/SGD range intraday. Short-term,…

Deutsche Bank’s Jim Reid notes that despite higher United States (US) Treasury yields and renewed speculation about a July Fed rate hike, US equities advanced, led by a strong recovery in chip stocks. The Philly Semiconductor Index posted its best daily performance in a month, lifting the S&P 500, while markets simultaneously priced a more…