Central bank gold purchasing trend remains strong through August, Goldman Sachs says
GLD•Goldman Sachs estimates central banks bought 79 tonnes of gold in August, above the pre-2022 average of 17 tonnes, with China the largest identifiable buyer at 25 tonnes.
1. August purchases
Goldman Sachs estimates central bank gold purchases totaled 79 tonnes in August, well above the pre-2022 average of 17 tonnes. China was the largest identifiable buyer at 25 tonnes, and Goldman Sachs said it continues to see central bank demand as a structural support for gold.
