Poland

Central banks sharply increased gold purchases in May, while silver continues to benefit from persistent supply deficits and rising industrial demand. FXCOINZ examines why some market participants view the pullback as a potential reset within a broader precious metals bull market.

Gold and silver remain caught between strong long-term demand drivers and cautious short-term technical signals. Central bank buying continues to support the broader gold outlook, while silver buyers are trying to defend a key support zone.

Central bank gold buying accelerated sharply in May, reinforcing the view that official-sector demand is absorbing the latest pullback. With Poland and China adding aggressively, market participants are watching whether gold is setting up for a fresh year-end advance.

Poland has become the only EU member state without a functioning domestic crypto licensing regime as MiCA takes full effect. With President Karol Nawrocki repeatedly vetoing the implementing law, companies now face a choice between seeking licenses abroad or scaling down operations.

Europe’s crypto market is heading into a major regulatory reset as the MiCA transition period closes. Industry estimates suggest most previously registered firms may fail to secure full authorization.