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Poland’s Central Bank Increases Gold Reserves with Ambition to Reach 20%

The president of the National Bank of Poland, Adam Glapinski, has recently disclosed that the central bank plans to continue increasing its gold holdings, with a goal to have gold constitute 20% of the bank’s total reserves. The National Bank of Poland (NBP), also known as Narodowy Bank Polski, became one of the leading gold…

ByPexecoAugust 24, 20240Comments

Commodities

Gold Shines So Far in 2024 as Central Banks Invest Heavily

KEY TAKEWAYS Gold has been one of the best-performing global assets of 2024, with central banks propelling much of the demand. Global official gold reserves increased by 290 metric tons in the first quarter of the year, the largest first-quarter increase since at least 2000, according to the World Gold Council. More North American professional…

ByPexecoJuly 11, 20240Comments

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Poland’s Central Bank Increases Gold Reserves with Ambition to Reach 20%

Gold Shines So Far in 2024 as Central Banks Invest Heavily