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✉news BusinessBanking first seen 17 h ago, last 6 min ago, peak #7

Bundesbank's Nagel says central banks will keep buying gold

Original: LBMA 2026: Central banks aren’t done with gold as geopolitical risks reshape reserves – Bundesbank’s Nagel

Bundesbank president Joachim Nagel told the LBMA 2026 conference that central banks are not finished adding gold to their reserves, arguing that geopolitical risks are reshaping how nations manage their holdings. His comments underline the continued shift among central banks toward gold as a hedge against sanctions risk and geopolitical uncertainty.

Why now: Central bank gold buying has been a major driver of record-high gold prices, so a top central banker's endorsement draws wide attention.

BundesbankJoachim NagelLBMAgold marketcentral banks

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