🚨 CENTRAL BANKS MAY BE BUYING MORE GOLD THAN REPORTED
Goldman Sachs estimates that central banks bought around 44 tonnes of gold in July.
That is much higher than the 23 tonnes officially reported by central banks.
Goldman says the 3-month average of estimated purchases is around 91 tonnes, close to the highest level since mid-2025.
Official data may not show the full picture because some central-bank buying can be reported later.
In simple words: Central banks may be buying much more gold than the official numbers show.
$XAU
Goldman Sachs estimates that central banks bought around 44 tonnes of gold in July.
That is much higher than the 23 tonnes officially reported by central banks.
Goldman says the 3-month average of estimated purchases is around 91 tonnes, close to the highest level since mid-2025.
Official data may not show the full picture because some central-bank buying can be reported later.
In simple words: Central banks may be buying much more gold than the official numbers show.
$XAU
