China’s Hidden Gold Buying? Goldman Sachs Estimates 128% More Than Official Figures
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5 Articles
Goldman Sachs found that China bought 25% more gold than its central bank reported. Global demand remains at record levels.
Goldman Sachs estimates China bought 148 tonnes of gold, 128
🟡 Goldman Sachs estimates China bought 148 tonnes of gold, 128% over official PBoC data. 📊 For August, China’s estimated purchases surpassed reported reserves by 5 tonnes. 🌍 The World Gold Council officially placed China’s holdings at 2,410 tonnes in September 2026. Continue...
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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