The AI bubble is draining capital from other markets, including gold - GoldBroker

AI desk brief

The piece argues that the AI boom is siphoning capital from other markets, including gold, as nearly $200bn of AI-related financing, potential issuance and commitments were announced or detailed in a single day. It says widening US credit spreads and tighter lending conditions are making funding harder for leveraged neocloud providers, which could keep capital concentrated in AI rather than flowing into defensive assets.