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Gold prices steady amid global dip
Bullion rose only Rs800 to Rs356,900/tola; rupee loses 10 paisa to 281.47/$
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Global bonds rally despite Indo-Pak escalation
Eurobond, Sukuk prices rise, yields drop amid IMF support, stronger macro indicators
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Policy rate slashed to 11%
SBP surprises with 100bps rate cut on easing inflation; economic headwinds persist
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Trade deficit hits $3.4 billion
Imports surge to $5.5b on recovery; exports dip, remittances may fall short
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Chaos drove gold to peaks
Safe-haven asset surged by around Rs50,000 in the last six months
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Gold loses Rs3,400/tola
Analysts say gold remains range-bound due to conflicting forces in play.
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Market eyes 50-100bps rate cut on May 5
Some caution that fading base effects, rising imports may push inflation up, pressure current account, rupee
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Economy slows as growth dips
SBP flags structural weaknesses curbing growth despite macroeconomic gains
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SBP injects Rs11.8tr into market
Central bank conducts OMOs; gold dips Rs3,300