✉news BusinessBanking first seen 15 h ago, last 12 h ago, peak #29
ECB's Nagel says central bank case for gold buying remains strong
Original: Case for central banks to keep buying gold remains strong, ECB/Bundesbank Nagel says
Bundesbank president and ECB governing council member Joachim Nagel said the case for central banks to continue buying gold remains strong. His comments come amid sustained official-sector gold purchases in recent years, as central banks diversify reserves away from the dollar and seek protection from geopolitical and financial risks. Markets watch such remarks for signals on monetary policy thinking and demand for bullion.
Why now: Central banks have been major gold buyers, and a senior policymaker endorsing continued purchases moves bullion sentiment and reserve-policy debate.
Joachim NagelBundesbankEuropean Central Bankgold
Rank over time, top of the chart is #1. 3 snapshots from 15 h ago to 12 h ago.
Evidence
- Case for central banks to keep buying gold remains strong, ECB/Bundesbank Nagel says · investingLive
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