Gold prices rise as rising geopolitical risks fuel safe-haven demand, driven by Poland’s central bank increasing gold acquisitions by 150 tons. The move underscores growing global uncertainty and supports elevated commodity prices.
- Poland’s central bank is the world’s biggest reported buyer of gold
- The bank increased gold purchases by 150 tons
- Gold futures contract GC=F rose amid safe-haven demand
- Volatility index ^VIX and crude oil CL=F showed elevated levels
- Mennica Polska SA is the national mint involved in gold acquisition
- Geopolitical instability is driving demand for gold as a safe-haven asset
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