Is Gold Done Falling?

US inflation came in hotter than expected this week. Gold fell about 3% in a single day and 10 year US Treasury yields climbed to 5.33%. A day later, gold had won it all back and yields dropped to a three week low. When markets turn around with no good news to explain it, investors are usually moving their money away from something that worries them. Mubashir Zuberi, CIO at Mahaana, explains why money is leaving AI and tech stocks, whether the Fed will raise rates on October 28 ahead of the US midterms, and why he thinks gold is at a good level for long term investors. We also look at why Brent crude is holding above $100, why the KSE 100 has gone nowhere for a week as trading volumes dry up, and whether a forward P/E of around 7x makes this a good time to invest. This video is for information only and is not investment advice. Time Chapter 00:00 Gold Falls, Then Bounces Back 01:35 Is The AI Rally Running Out? 03:40 Will The Fed Hike In October? 06:30 Why Oil Won’t Drop Below $100 08:00 PSX Stuck In A Range 09:15 Is 7x A Buying Opportunity?