Gold holds firm as central banks buy more; China, Poland drive demand

Gold prices: Central bank demand continues to provide a strong foundation for gold prices, helping the metal hold critical long-term support levels even amid recent volatility. China remains a key driver in this trend, reinforcing its position as one of the most consistent buyers in the global gold market. According to data cited by The Kobeissi Letter, global central banks purchased 19 tonnes of gold in February, marking the 23rd consecutive month of net buying. This follows an addition of 6 tonnes in January, taking total purchases so far this year to 25 tonnes — highlighting sustained institutional demand despite…