Philippine Central Banker Says It’s Time to Take Profit on Gold

The Philippine central bank should sell some of its “excessive” gold holdings with the precious metal set to retreat further from record highs as safe-haven demand eases, according to a...

By Claire Jiao · Bloomberg Markets

The Philippine central bank should sell some of its “excessive” gold holdings with the precious metal set to retreat further from record highs as safe-haven demand eases, according to a policymaker.