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Poland Steps Up Gold Buying
The National Bank of Poland added nearly 15 tons of gold to its reserves in April, according to data published by the bank last week. It was the largest increase in the country’s reserves since June 2019 when the bank boosted reserves by almost 100 tons. The purchase increased the value of Poland’s gold reserves from $14.55 billion to $15.52 billion. Poland’s official gold holdings rank as the 22nd largest in the world. Gold makes up about 8.5% of the Bank of Poland’s total reserves. In the fall of 2021, Bank of Poland President Adam Glapiski said the central bank planned to add 100 tons of gold to its ... (full story)
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- Posted: May 24, 2023 8:21pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 208