July 10th, the global asset management giant Invesco Ltd. said in an annual report that as yields rise, global sovereign investors are seeking to increase their bond investment, and the freeze on Russian assets has caused them to increase their bond investment. demand for gold.
Inflation remains the most significant risk for now, according to the survey. Many sovereign investors are now looking to increase their bond allocations, especially emerging market and high yield bonds.
Gold is also favored as an inflation hedge, with a large proportion of central banks expecting to buy more gold over the next three years, the report said.
According to the 2023 Central Bank Gold Reserve Survey recently released by the World Gold Council, 24% of central banks plan to increase their gold reserves in the next 12 months. 71% of the central banks surveyed believe that the overall level of global gold reserves will increase in the next 12 months.