22:45 8 January 2026
Poland boosts gold reserves
Poland’s central bank continues to expand its gold holdings as part of a broader shift in reserve strategy. According to a December 19 update, the National Bank of Poland (NBP) bought nearly 12.5 tons of gold in November. By month-end, its holdings totaled 17.47 million ounces—over 543 tons—valued at more than PLN 266.5 billion.
In September, the NBP board approved raising gold’s share in foreign exchange reserves from 20% to 30%. President Adam Glapiński has repeatedly highlighted gold’s role in speeches, and the bank has been steadily purchasing metal for several years.
Gold is now a key component of Poland’s reserve assets, which reached €231 billion at the end of 2025. The NBP stresses that reserve management prioritizes security and liquidity, with most assets in high-grade government bonds, supplemented by selected corporate debt, fund units, and limited bank deposits.
Rising bullion prices have amplified valuations: gold was about $4,200 per ounce at the end of November and is currently near $4,500.
