Banca Coreei cumpără din nou aur după o pauză de 13 ani

Central banks are increasing gold purchases, with South Korea re-entering the market after 13 years, focusing on ETF units rather than physical gold. Poland remains the top buyer of physical gold globally. Recent inflation data from the U.S. has influenced gold prices, which peaked at $4,452 before retracting to around $4,333. Lower inflation reduces the need for tighter monetary policy, benefiting gold. However, energy prices and geopolitical tensions pose risks to gold prices. The Polish National Bank is the largest gold buyer among central banks, while South Korea's recent investment in gold ETFs does not increase its physical gold reserves. Future gold price direction will depend on U.S. retail sales and bond yields.