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Finance & Markets

Pimco’s Stracke Says AI Spending Drove Yields, Not Inflation

Surging capital demand from hyperscalers and the artificial intelligence ecosystem — rather than inflation expectations — is the primary force pushing real rates and bond yields higher, Pacific Investment Management Co. President Christian Stracke said.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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Gold per tola gains Rs2,000 in Pakistan

Gold prices in Pakistan increased on Friday in line with their gain in the international market. In the local market, gold price per tola reached Rs440,636 after a gain of Rs2,000 during the day.

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