✉news BusinessBanking first seen 1 d ago, last 2 h ago, peak #7
Bundesbank's Nagel says central banks to keep buying gold
Original: LBMA 2026: Central banks aren’t done with gold as geopolitical risks reshape reserves – Bundesbank’s Nagel
Speaking at the LBMA 2026 conference, Bundesbank president Joachim Nagel said central banks are not finished accumulating gold, as geopolitical risks continue to reshape how countries manage their reserves. His comments reflect the ongoing shift by central banks toward bullion as a hedge against sanctions risk, currency volatility and global instability, a trend that has underpinned record gold buying in recent years.
Why now: Gold has surged as central banks diversify reserves away from the dollar amid geopolitical tensions, and a senior central banker's comments reinforce that trend.
Joachim NagelBundesbankLBMAcentral banks
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