Reported about 9 hours ago
A surge in gold buying among East European central banks is transforming the region into the world’s largest buyers of the precious metal. Central banks like Poland and the Czech Republic are significantly increasing their gold reserves, motivated by a need for diversification and protection against geopolitical instability. Amidst conflicts in Ukraine and tensions involving major powers, these banks view gold as a safe asset, with Poland emerging as the top buyer in the second quarter of the year. The gathering momentum among these nations reflects a strategic shift in how they manage their reserves.
Source: YAHOO