China’s Hidden Gold Buying? Goldman Sachs Estimates 128% More Than Official Figures
Analysis
Finance
Bullion Demand
Central Bank Gold Purchases
China gold buying
China Gold Reserves
Gold Market
gold price
Gold Reserves
goldman sachs
pboc
World Gold Council
TLDR: Goldman Sachs estimates 148 tonnes of Chinese gold buying from May to August, against 65 tonnes reported. The estimated 83-tonne gap exceeds China’s official four-month additions by 128%, but remains unverified. May’s 48-tonne estimate exceeded the 10 tonnes disclosed, while August’s gap narrowed to just five tonnes. Global central bank gold buying reached an [...]
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