Spot gold briefly fell by about $70, with reports that the Polish central bank intends to sell gold reserves to fund defense plans

Wallstreetcn
2026.03.05 13:35
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Spot gold briefly fell by about $70, as the Governor of the National Bank of Poland proposed raising up to 48 billion zlotys (approximately $13 billion) by selling gold reserves to fund defense spending, receiving support from the Polish president. Governor Adam Glapinski outlined the proposal during a meeting with the president on Wednesday

Spot gold briefly fell by about $70. According to informed sources, the Governor of the National Bank of Poland proposed a plan to raise up to 48 billion zlotys (approximately $13 billion) by selling gold reserves to fund defense spending, which has received support from the President of Poland. Governor Adam Glapinski outlined the proposal during a meeting with the President on Wednesday.

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