Although gold has been struggling to attract investors so far this year, global central bank demand has remained strong with two European nations purchasing gold for the first time in over 20 years. Poland bought nine tons in July and August while Hungary increased its reserves tenfold in October. In this video, Joanna Sawicka, emerging Europe research analyst, explains central bank gold buying patterns and how this year’s purchases are off to the strongest start since 2015.

For Joanna’s full explanation, watch the video below.