The Value of Hungary's Gold Reserves Has Increased by More than 70 Percent

telex.hu

Lean Left

Factuality

Ownership

The Hungarian National Bank bought at a good time, with an increase of 89 percent in dollars compared to the last gold purchase.

Portfolio

Factuality

Ownership

The price of precious metals has risen to historic highs in recent days, with the world market price of gold approaching $5,000 per ounce. Due to increasing geopolitical tensions and economic policy uncertainties, investors are increasingly turning to assets considered safe. As a result of the price increase, the value of the Hungarian National Bank's gold reserves has increased significantly, almost doubling in recent months, Telex reported.