NBP Governor Glapinski is said to be weighing gold sales for defence funding, according to reports

• Bloomberg reports Glapinski laid out a proposal to generate as much as PLN 48bln or USD 13bln from the sale of gold reserves to finance defense spending as part of a plan backed by Poland's President.

The report on NBP Governor Glapinski considering gold sales to fund defense highlights a potential shift in Poland's fiscal strategy amid geopolitical tensions. This move could signal increased instability or defense spending in Eastern Europe, which may affect gold prices and safe-haven flows. Watch for potential impacts on the PLN and broader risk sentiment as markets digest this news.