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Commerzbank’s analyst observed delayed data revealing changing Gold demand in China over recent quarters
Demand for Gold bars and coins increased, reaching 352 tons, surpassing last year’s figures by 24.5%. This accounted for over half of the total Gold demand. The People’s Bank of China (PBoC) continued its Gold purchasing streak for the twelfth consecutive month in October. Despite this, the purchases were minimal, with only around 1 ton added. Throughout these twelve months, the PBoC accumulated 40 tons of Gold. In comparison, other central banks, like those in Poland and Kazakhstan, acquired more Gold this year. The divergent trends indicate varied approaches and levels of Gold acquisition among different ... (full story)
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