✉news BusinessBanking first seen 12 h ago, last 14 min ago, peak #2

Bundesbank's Nagel backs central-bank gold diversification

Original: Nagel Sees Good Case for Central-Bank Diversification Into Gold

Bundesbank President Joachim Nagel said there is a good case for central banks to diversify their reserves into gold. His comments add to a broader debate among central banks about reducing reliance on the US dollar, with gold buying by monetary authorities already running at historically high levels in recent years. Market watchers see the remarks as a signal of continued institutional demand for the metal.

Why now: Central-bank gold purchases and reserve diversification away from the dollar are hot topics amid geopolitical tension

Joachim NagelDeutsche Bundesbankgoldcentral banks

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Evidence

• Nagel Sees Good Case for Central-Bank Diversification Into Gold · Bloomberg.com
• Nagel Sees Good Case for Central-Bank Diversification Into Gold · Bloomberg.com

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