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German gold reserves safe at NY Fed, Bundesbank chief says

ReutersJan 27, 2026 5:46 PM

- 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.

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