Gold Prices Rise as Trump Announces Hormuz Strait Reopening

Gold advanced amid geopolitical uncertainties as reports indicated plans to reopen the Strait of Hormuz this week. The precious metal has benefited from heightened global tensions that have driven prices to record levels. Poland's central bank, identified as the world's largest reported buyer of gold, is responding to market conditions by increasing its gold reserves. The institution announced plans to boost purchases by an additional 150 tons as it prepares for continued geopolitical instability. The move reflects growing concerns among central banks about economic security in an unstable international environment. Gold's record-high prices demonstrate investor and institutional demand for safe-haven assets during periods of uncertainty.