Commodities
Goldman Sachs, on gold, estimates central bank purchases of 79 tonnes in August, (vs pre-2022 average of 17 tonnes); China was the largest identifiable buyer in August at 25 tonnes
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Goldman Sachs estimated 79 tonnes of central-bank gold purchases in August, with China the largest identifiable buyer at 25 tonnes, and described demand as structural support.
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Continues to see central bank demand as a structural support for gold
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