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Gold keeps its reserve role even as bond yields surge, bankers say
Original: Gold retains key reserve status despite surging bond yields, central bankers say
Central bankers say gold has retained its key status as a reserve asset even though surging bond yields have made interest-bearing assets more attractive. The assessment highlights how central banks continue to hold gold as a store of value and hedge, despite the higher returns now available on government bonds and other yield-bearing holdings.
Why now: Rising bond yields have reignited debate over whether gold still deserves its place in central bank reserves.
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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