Gold retains key reserve status despite surging bond yields, central bankers say - Kitco
Source: Kitco
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DW NOTE
Central bankers defending gold's reserve status while yields surge is diplomacy, not analysis. The 10-year is at 5.24% and gold has fallen 21.7% from its January peak — that's holders liquidating to meet margin calls or rotating into assets that pay income, not validation of strategic hoarding.
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
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The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu