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Gold (XAU/USD) extends its sideways price action on Monday, entering New York trading hours on a subdued note. The metal remains caught between easing Federal Reserve (Fed) interest-rate hike bets and a stronger US Dollar (USD), while US Treasury yields also remain elevated near multi-year highs.
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In recent trading, shares of Veeco Instruments Inc (Symbol: VECO) have crossed above the average analyst 12-month target price of $54.75, changing hands for $57.38/share.
The rise in sales came alongside G7 nations releasing energy stockpiles in a bid to tame surging diesel prices.
Key PointsArtificial intelligence (AI) is driving increased index and tech sector concentration in semiconductor and hardware companies.
In recent trading, shares of Avnet Inc (Symbol: AVT) have crossed above the average analyst 12-month target price of $106.20, changing hands for $106.94/share.
In recent trading, shares of MaxLinear Inc (Symbol: MXL) have crossed above the average analyst 12-month target price of $101.00, changing hands for $105.93/share.
KUALA LUMPUR: Malaysian palm oil futures rebounded on Monday, snapping a six-session losing streak on firmer Chicago soyoil, while traders also awaited fresh Malaysian Palm Oil Board data.
