Poland now ranks 12th globally in its gold holdings, valued at an estimated $68.4 billion. The governor of the National Bank of Poland, Adam Glapiński, has made gold accumulation a signature policy, increasing reserves more than fivefold since 2016. Strong global demand has pushed gold prices to record highs, peaking above $4,350 per ounce in mid-October before easing to below $4,100.