May 28 (Reuters) - Futures tied to Canada's benchmark stock index dipped on Thursday as fresh tensions in the Middle East tempered hopes for a peace deal, while investors awaited the latest inflation figures in the United States.
June futures on the S&P/TSX index fell 0.25% at 6:30 a.m. ET (10:30 a.m. GMT).
Iran targeted a U.S. air base on Thursday after the U.S. struck what Washington described as an Iranian drone operation near the Strait of Hormuz.
President Donald Trump also said he was unconcerned about the political fallout of an extended conflict.
Gold prices dropped to their lowest in nearly two months as fresh tensions revived concerns that inflation could spike further. The resource-heavy Canadian index is sensitive to moves in metals and energy.
Separately, investors will also be scrutinizing the U.S. Personal Consumption Expenditures report due later in the day.
The data often has implications for rate moves by the Bank of Canada.
Meanwhile, Royal Bank of Canada (RY.TO), the largest lender in the country, reported higher second-quarter profit, opens new tab as market volatility boosted its trading business.
TD Bank (TD.TO), the second-largest lender, also reported a jump in adjusted profit for the second quarter on higher interest income.
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Reporting by Niket Nishant in Bengaluru; Editing by Diti Pujara
