Covid-19 boosts gold’s appeal among reserve managers

Gold trading

The Covid-19 crisis is likely to enhance gold’s attractiveness as a reserve asset because it helps central banks tame the impact of negative sovereign bond yields, according to a new report.

Invesco’s 2020 Sovereign Asset Management Study also highlights reserve managers’ willingness to maintain their equity investments in spite of the market turmoil unleashed by the pandemic in March.

However, the crisis has cut central banks’ appetite for new assets and more diverse currency allocations, and

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