Spot gold breaks through $4740 to reach a new high, with central bank gold purchases continuously driving prices higher

2026-01-20 14:04:15

【BlockBeats】Spot gold prices surged strongly in the short term, breaking through the $4,740 per ounce mark for the first time, hitting a new record high, with a daily increase of 1.48%. This upward movement is not isolated—the Polish central bank recently approved a hefty plan to increase its gold holdings by 150 tons. Against the backdrop of global central banks continuously increasing their precious metal reserves, gold’s appeal as a safe-haven asset has once again been highlighted, further driving prices higher.

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SleepyArbCat

· 12h ago

The central banks are疯狂堆金砖, while over here we're still关注gas费... truly two different worlds

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SolidityJester

· 12h ago

Central banks are all stockpiling gold, while retail investors are still following the trend and trading cryptocurrencies... It's a bit ironic.

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EyeOfTheTokenStorm

· 12h ago

Here we go again, central banks are collectively doing T... According to my quantitative model, this bottoming pattern has already formed, but the risk warning at the 4740 level should be well prepared.

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BearMarketBuyer