Central banks around the world continue to add gold to their reserves, with 270 tons of gold added since the beginning of the year to June. Governor of the Polish National Bank, Adam Glapiński, summed up why central banks hold gold: “Gold is the safest reserve asset: it diversifies geopolitical risks and is an anchor of confidence, especially in times of stress and crisis.” A spokesperson for the Hungarian Central Bank said that gold increases financial stability and enhances market confidence. In line with the historical value of gold, it remains one of the safest instruments in the world, which, even under normal market conditions, is known for its stability and reliability, he added. Pol
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