Sunil's Blog & Market Update

While many factors influence the price of gold, PIMCO believes there is one that can explain the majority of changes in gold prices over the recent history: changes in real yields.

Investors seem more comfortable with the idea of tariffs, but they’re still likely to play a key role in the direction of financial markets as we approach the final stretch of the year.

The old adage “what goes up, must come down” aptly describes a dynamic economy that has historically followed a cycle of growth and decline. The down period in that cycle constitutes a recession, which affects investment returns across various asset classes.

Recent tariff announcements and the potential for escalating trade tensions with key U.S. partners are raising concerns about the return of stagflation, a challenging economic scenario characterized by high inflation, weak growth, and high unemployment.