Central Bank Gold Statistics: Central banks ramp up gold buying in October | Metals Mine

  • Central Bank Gold Statistics: Central banks ramp up gold buying in October

    From gold.org

    Central bank demand for gold remained robust in October, totalling 53t (+36% m/m) and continuing the strong trend seen throughout the year (Chart 1). Buying remained concentrated among a small number of central banks, led by the National Bank of Poland which became active again during the month. Y-t-d reported net purchases through October totalled 254t, a slower pace when compared with the previous three years (Chart 2). This possibly reflects the impact of higher prices. Even so, sustained activity from emerging-market central banks – supported by the findings from our annual survey – strongly suggests that ... (full story)

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