China’s Hidden Gold Buying? Goldman Sachs Estimates 128% More Than Official Figures

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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