Goldman Sachs estimates that in November last year, the central bank and institutional off-market gold purchases reached 117 tons, far exceeding the expected 46 tons. Among them, an anonymous central bank purchased 43 tons of gold through Swiss channels, second only to the 50 tons purchased by the People's Bank of China.
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Goldman Sachs estimates that in November last year, the gold purchases by central banks and institutions in the over-the-counter market reached 117 tons, far exceeding the expected 46 tons. Among them, an anonymous central bank purchased 43 tons of gold through Swiss channels, second only to the 50 tons purchased by the People's Bank of China