See the full story in the original article.
Read the original on pakobserver.net ↗
Keywords
golddomestic gold pricesPakistan
Open a keyword to see other news on the same topic.
Related tickers and likely impact
XAU/USD
▼ Likely negativeRelevance: low
| Market | Gold |
|---|---|
| Close on 10/16/2026 | 4,165.63 |
| Change that session | -0.13% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Gold price in Pakistan latest - October 17 , 2026
Gold prices in Pakistan and globally fell on Saturday, a day after a slight rise. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola dropped Rs1,600 to Rs439,036, while 10 grams of 24-karat gold fell to Rs376,402 and 10 grams of 22-karat gold to Rs345,047. In the global bullion market, gold declined $16 to $4,165 per ounce. Silver also fell, with 24-karat silver down Rs81 to Rs6,175 and 10 grams of silver down Rs69 to Rs5,294.
- IMF Borrower Pakistan to Chair IMF and World Bank Boards for First Time Since 1953
Pakistan is awaiting IMF Executive Board approval for about $1.2 billion in new financing: roughly $1 billion from its $7 billion Extended Fund Facility and $210 million from its $1.4 billion Resilience and Sustainability Facility, which would bring total disbursements under the two to about $5.7 billion. Real GDP grew 4% in the first three quarters of FY2026 (3.6% estimated for the full year), inflation eased to about 10.3% in September from its May peak, and reserves reached around $21 billion at end-September. Still, geopolitical tensions, volatile energy prices and tighter global financial conditions threaten the recovery, and Pakistan remains heavily reliant on external lenders, while the World Bank considers its growth model unsustainable. Pakistan will chair the Boards of Governors of the IMF and World Bank Group in 2027, the first time since 1953, a post with diplomatic weight but no control over lending decisions.
- Pakistan, IMF discuss economic growth and reform measures
- Attacks on Gulf energy infrastructure pose risks to Pakistan economic outlook : FinMin Aurangzeb
Pakistan's Finance Minister Muhammad Aurangzeb told AFP the country has procured enough energy supplies to last through November and is now planning for winter. He said Pakistan has so far withstood the shock from soaring energy prices caused by the Iran war, but attacks on infrastructure in Saudi Arabia and other Gulf countries are worrying for its longer-term outlook. Aurangzeb said Pakistan would avoid buying costlier spot LNG cargoes unless absolutely necessary, and warned that continued infrastructure damage would delay the return to normalcy. He also pointed to rising tax revenues, efforts to curb sales tax theft, and resistance to reforms from industry and vested interests. He also met IMF's Jihad Azour to review progress on revenue, inflation, growth and the current account.
- Iran warns US and Israel
Iran's Armed Forces Chief of Staff, Major General Ali Abdollahi, warned on October 18 that the US and Israel would face a far harsher response if they continue actions Tehran considers provocative. He said Tehran is awaiting their next moves and that Iran's armed forces remain ready for any scenario. Tehran accuses Washington and Tel Aviv of trying to weaken its government, and tensions have risen since earlier conflicts, including a 12-day war. Iran says it will not back down under external pressure.
- Cook Case Tests The Limits Of Fed Independence
President Trump has renewed his push to remove Federal Reserve Board member Lisa Cook over alleged false statements on mortgage applications, and a White House committee will question her next month. This follows a first attempt that the Supreme Court blocked in June. The author argues the case tests central bank independence, saying evidence that insulation from politics lowers inflation is mixed, and that the Fed exercises substantial executive power without answering to voters. Citing the worst inflation in four decades after COVID-19 and the lack of consequences for officials, the author argues poor Fed performance carries no penalty. Cook, on the Board since May 2022, formally objected when the Fed rescinded its climate guidance. The author calls for a simpler, accountable mandate and eventually a monetary rule to limit officials' discretion.
Related markets
Latest news
- Is TC Energy (TRP) a Good or Bad Investment at Today's Multiple?
TC Energy trades at 21.19 times next year's expected earnings, closing at $61.74 on October 16 after a 1.5% return over 6 months, versus 10.5% for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. The company operates natural gas transmission pipelines across Canada, the United States and Mexico, plus power generation, with a 44.25% operating margin, and latest-quarter earnings rose 18.00% on revenue up 5.70%. The article flags risks including debt at 170.37% of equity, the loss of crude oil pipelines to South Bow in 2024, and volumes that depend on North American gas demand from power and LNG exports. A 4.01% yield is cited as income while the market decides whether the stable business justifies the multiple relative to its growth.
- Should You Buy This Trump AI Stock Ahead of Earnings?
Microsoft (MSFT) reports quarterly results on October 28 and ranks eighth in Trump's latest stock portfolio, after Trump bought the stock five times in August. Bulls point to Azure growth of 43% last quarter, with management expecting about 45% in the current quarter, and to demand that exceeds available computing capacity. Bears cite rising capital spending that Deutsche Bank says could push free cash flow close to breakeven in fiscal 2027, about two-thirds of spending going to short-lived equipment such as chips, and OpenAI making up about 45% of the commercial backlog in the December quarter. The stock trades at 26.75 times forward earnings, a 27% premium to the sector median of 21.01 but 12% below its own five-year average of 30.47, with a PEG ratio of 1.70 versus a sector median of 1.14. The article concludes that investors pay more than for the average tech stock but less than they usually pay for Microsoft.
- What Is Williams' (WMB) Economic Moat, and Is It Steel or Permits?
Williams (WMB) closed at $71.28 on October 16, with a 0.5% return over 6 months, compared with 10.5% for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. The article argues its main advantage is the Transco pipeline, which runs from the Gulf Coast up the eastern seaboard, where several attempts to build new pipe have been abandoned after failing to win approvals. A 39.54% operating margin and 21.50% return on equity are cited as evidence of this advantage, although revenue rose only 7.80% last quarter. Limits noted include debt at 200.37% of equity, rules that also restrict Williams' own growth, and a price of 26.81 times expected next-year earnings. The dividend yields 2.95%.
- Marvell Jumps 6% as GF Securities Says Google Chip Delay Won’t Dent Its Position; Broadcom Rises 3%
Marvell shares rose 6% to $241.27 in afternoon trading after a reported delay in Google's next TPU chip, while Broadcom gained 3%. GF Securities analyst Jeff Pu said the delay does not change Marvell's medium- to long-term position in Google's chip supply chain. Marvell reported Q2 FY2027 revenue of $2.74 billion, up 36.5% YoY, with its Data Center segment at $2.17 billion, or 79% of revenue. Google can acquire up to 7% of Marvell shares under a warrant tied to revenue targets, and management expects its custom business to more than double in fiscal 2028. Q3 revenue guidance is $3.15 billion, plus or minus 5%, with non-GAAP gross margin of 57.5% to 58.5%, and the article notes Marvell still needs to convert its Google programs into reported revenue.
- Is ONEOK (OKE) Cheap at 14 Times Next Year’s Earnings?
ONEOK (NYSE:OKE) closed at $93.31 on October 16 and returned 11.4% over six months, versus 10.5% for the Insider Monkey Billionaire Index. The stock trades at 14.49 times next year's expected earnings and yields 4.59%, and revenue rose 52.80% last quarter as the company grew through acquisitions. The article argues that much of this growth was bought rather than built, with only 13.25% of revenue remaining as operating profit and debt at 143.07% of equity. Because a large part of the business involves buying and reselling liquids rather than earning transport fees, the article views the discount as having a reason behind it. It concludes that investors should watch margins rather than revenue.
- What Is Antero Midstream’s (AM) Economic Moat, and Is One Customer Enough?
Antero Midstream (NYSE:AM) closed at $20.64 on October 16 and has returned -1.1% over six months, versus 10.5% for the Insider Monkey Billionaire Index. Less than $1 million of its first-half revenue came from customers other than Antero Resources, the producer it was carved out of, which the article describes as close to a captive customer, and its operating margin is 52.00%. The article warns that the moat is only as durable as that producer's drilling plans, noting that earnings fell 8.80% last time even as revenue rose 8.30%. Leverage is 185.55% of equity. The shares trade at 12.92 times next year's expected earnings with a 4.36% yield, a discount the article attributes to the market pricing in concentration risk.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.