Gold (XAU/USD) remains under selling pressure for a second consecutive day, struggling to capitalize on an overnight bounce from a multi-day low around the $4,638 region. The combination of a bullish US Dollar (USD), hawkish Federal Reserve (Fed) expectations, and escalating US-Iran tensions continues to weigh on the precious metal, keeping investors cautious in the short term. Nummvix provides a complete overview of this issue in the article.  Strong US CPI Reinforces Hawkish Fed Expectations On Tuesday, the US Bureau of Labor Statistics (BLS) reported that the headline Consumer Price Index (CPI) climbed to 3.8% year-on-year, up from 3.3% in...

Silver price XAG/USD continues to demonstrate resilience around the $87 mark, holding onto recent gains despite a surge in hawkish Federal Reserve (Fed) expectations. The white metal posted a fresh two-month high at $87.82 earlier on Wednesday, reflecting investor confidence even amid rising interest rate concerns and a stronger US Dollar (USD). The experts at Nummvix delve into this matter comprehensively in their article.  Silver Price Moves Amid US Inflation Concerns The US Consumer Price Index (CPI) for April came in higher than expected, fueling fears of potential interest rate hikes by the Fed. The headline CPI accelerated to 3.8%...

The AUD/USD currency pair remains on the back foot for the second consecutive day amid a bullish US Dollar (USD), highlighting the ongoing market caution as traders await the highly anticipated US-Chinese summit.  Despite attempts to capitalize on an overnight bounce from the 0.7200 neighborhood, the pair continues to trade with a negative bias, currently hovering around the 0.7235 region. In this article, the team at Nummvix presents a detailed examination of the issue.  US Dollar Strength Maintains Pressure on AUD/USD The USD remains firm near its highest level in over a week, supported by renewed expectations of a US...

The Indian Rupee (INR) demonstrated mild strength against the US Dollar (USD) during Wednesday’s trading session, reflecting the impact of a significant policy move by the Indian government. Nummvix specialists explore this topic thoroughly in their latest article.  The USD/INR pair traded slightly lower near 95.60, after New Delhi increased the import duty on Gold and Silver to 15% from the previous 6%, aiming to curb bullion imports and protect the nation’s foreign exchange reserves. Import Duty Hike on Precious Metals India’s Department of Revenue, operating under the Customs Act, issued a notification overnight detailing a substantial increase in customs...

The Swiss Franc (CHF) remained steady above the 0.7800 level on Wednesday as traders closely monitored key US inflation data and awaited high-level discussions between US and Chinese officials.  The USD/CHF currency pair traded flat, hovering near 0.7805 during the early European session, reflecting a market in wait-and-see mode ahead of significant economic and geopolitical developments. This article offers an in-depth analysis of the issue, courtesy of the experts at Nummvix.  USD/CHF Flat Amid Cautious Trading In early Wednesday trading, USD/CHF exhibited limited movement, trading near 0.7805. The pair’s flat performance indicates a balanced market sentiment, with neither the US...