Gold Retains Key Reserve Status Despite Surging Bond Yields, Central Bankers Say
4 Articles
4 Articles
The price of gold remains supported by central bank purchases, geopolitical tensions and public debt, but real rates and the dollar hold back the rally.
Gold retains its status as a strategic reserve asset, under conditions where concerns about increasing public debt [...]
Market banks and regulators have said that gold remains a strategic reserve, pointing out that growing concerns about government debt accumulation and geopolitical turmoil have enhanced the appeal of yellow metal as a safe haven against risks, despite the strong rise in bond returns during the current year. Sergio Nicoletti Altimeri, Vice-Governor of the Bank of Italy, said Monday: Gold is originally considered to be gold... the market holds gol…
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