Bifalgorithm post · Gold market analyst · Central Bank Gold Statistics: Central banks make positive headlines on gold

Emerging Markets

Emerging Markets (Gold market analyst · Central Bank Gold Statistics: Central banks make positive headlines on gold) — "Emerging markets have also continued to…

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  • Central banks’ gold purchases show continued accumulation by emerging markets.
  • Emerging markets continued to accumulate gold this month.
  • China led reported purchases with 20t.
  • Poland followed with 8t.
  • Year-to-date purchases are compared with the same period last year.
  • Central banks reported around 130t of gold purchases year to date.
  • Around 160t was reportedly purchased during the same period last year.
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Emerging Markets

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Gold market analyst

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"Emerging markets have also continued to accumulate gold this month with China (20t) and Poland (8t) taking the lead. On a y-t-d basis, central banks reported purchases have totalled around 130t of gold. This compares to a reported ~160t which was purchased over the same period last year."

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