Wednesday, November 25, 2020

Tag: Poland Buys Gold For First Time In 20 years

Poland Buys Gold For First Time In 20 years

by Mark O’Byrne, GoldCore:

– Central banks have emerged as  some of the biggest buyers of gold this year as reported by the Financial Times

– Poland added to its gold reserves last month, buying more than seven tons of gold, which followed its purchase of two tons in July

– Poland’s gold buying appears to be the first purchase by a European Union member this century

– Central banks bought a total of 264 metric tons this year to reach the highest level in six years, according to analysts at Macquarie

– It suggests “gold’s appeal to central banks might be widening,” Macquarie said