I recently started playing again after several months of inactivity and so far I've done three pledges. For completing two gold pledges I've gotten silver keys.
The first time it happened (Veteran Elden Hollow - kill boss after tome of madness craziness) we finished gold pledge but all got silver keys. Supposedly, this was fixed in the latest (?) patch.
Now it happened again, we finished a gold pledge (Veteran Fungal Grotto - don't use husk/power aura when killing boss) and received a silver key.
The silver key reward - a random blue item, isn't even remotely an incentive to do pledges.
I don't want to flame or complain about the incessant bugs or how I've spent hours for nothing, so I'll simply say this:
To my knowledge Gold Undaunted Keys don't exist.
Has this happened to you as well?
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"I think Orcs first turned a bear head into food because it looks amazing." -Orzorga.