Gold extended gains as traders assess the likelihood of ceasefire talks, with Poland’s central bank accelerating purchases by 150 tons amid growing global uncertainty. The move underscores persistent risk aversion, supporting safe-haven demand and impacting broader commodity and equity markets.
- Poland’s central bank is the world’s largest reported buyer of gold
- The central bank increased gold purchases by 150 tons
- Gold prices rose amid heightened geopolitical tensions
- Ceasefire talks remain uncertain, fueling risk aversion
- GC=F and ^VIX showed upward movement
- Market repricing affects commodities and equities
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