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German gold reserves safe at NY Fed, Bundesbank chief says

BY Reuters | ECONOMIC | 01/27/26 12:46 PM EST

FRANKFURT, Jan 27 (Reuters) - German gold reserves kept at the Federal Reserve Bank of New ?York remain safe, Bundesbank chief ?Joachim Nagel told a ?German newspaper, responding ?to ?a public debate on whether Germany ?should reconsider ?its gold strategy given political tensions.

"I have no ?doubt that ?our ?gold remains safe at the Fed in New York," ?Nagel told Frankfurter Allgemeine Zeitung in an interview published on Tuesday. "Such reserves enjoy a ?special protection ?status."

Speaking on monetary policy, he said there ?was no reason to discuss an interest rate change for now but political and economic volatility made ?it difficult to guide expectations beyond the short term. (Reporting by Balazs ?Koranyi Editing by Gareth Jones)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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