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Goldman Sachs Estimates China Bought 35 Tonnes of Gold
Summary by Sada El Balad
8 Articles
8 Articles
The country has bought in eight months more than a quarter of the gold the world produced throughout 2025.
·Madrid, Spain
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Central banks worldwide buy gold in rough quantities. Especially from China the demand is huge. Goldman Sachs believes in a significant price increase.
·Munich, Germany
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Goldman Sachs Estimates China Bought 35 Tonnes of Gold
Central bank gold purchases remained strong in July, supported by substantial buying that Goldman Sachs Research estimates was carried out by China beyond the amount disclosed in official figures. The bank says sustained demand supports its forecast of $4,900 an ounce by the end of 2026, although changes in US interest rate expectations and investor positioning in the options market could intensify volatility.
Coverage Details
Total News Sources8
Leaning Left0Leaning Right0Center6Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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