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Central bankers say gold keeps reserve role despite high yields
Original: Gold retains key reserve status despite surging bond yields, central bankers say
Central bankers say gold is retaining its status as a key reserve asset even as surging bond yields raise the opportunity cost of holding the metal. The comments point to continued official-sector demand for gold despite higher returns available on government debt, underscoring its enduring role in central bank reserve portfolios.
Why now: High bond yields are testing gold's traditional appeal, and remarks from central bankers carry weight for markets and reserve managers.
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Evidence
- Gold retains key reserve status despite surging bond yields, central bankers say · Reuters
- Gold retains key reserve status despite surging bond yields, central bankers say · Centre Daily Times
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