-
'Gold has no fundamentals': Nilesh Shah warns investors against overexposure despite rally
A surge in central bank gold buying - triggered by the Russia-Ukraine conflict - is driving the current rally in precious metals, according to Nilesh Shah, Managing Director at Kotak Mahindra Asset Management. "So there's only one thing which is happening in the gold market apart from what was happening before - the central bank buying," Shah told CNBC-TV18. "Global central banks post their experience of the Russia-Ukraine war, where Russia's $500 billion forex reserves were seized by the Western world, and that prompted every central bank to look for safekeeping of their reserves. The gold with Russia's ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Every once in a while, the IMF/WB annual meetings can move markets. That happens when discussion at these meetings coalesces around one particular market move that becomes a singular focus of discussion. The last time this happened was in October 2023, when the 10-year Treasury yield had pushed up near 5 percent in the run-up to those meetings - it’s ...
From morningstar.com | Oct 19, 2025
Central banks view gold as a 'key, liquid component of their reserves' Germany's central bank, the Deutsche Bundesbank, holds the world's second-largest gold reserves, behind the U.S. Gold prices at record highs sounds like a broken record, but central banks have continued to buy more than they're selling, even with prices for the precious metal at their ...
From beemarkets.com | Oct 19, 2025
The global gold market in 2025 is witnessing an extraordinary surge, not only in price but also in strategic demand from central banks. According to the World Gold Council (WGC), central banks added 19 tons of gold in August after a temporary pause in July, reaffirming their role as steadfast, long-term buyers. Joe Cavatoni, a senior strategist at WGC, ...
