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WGC analyst Krishan Gopaul observes that purchases have steadily increased for three consecutive months, although the outcome for the first half of the year is below the figure from the same timeframe last year (around 123 tons compared to 130 tons).
In June, the leading gold buyers included Uzbekistan (9 tons), Kazakhstan (7.4 tons), Turkey (2.3 tons), China (2.2 tons), the Czech Republic (1.6 tons), and Kyrgyzstan (1.2 tons). Acquisitions by other central banks were under a ton. The State Oil Fund of Azerbaijan (SOFAR) raised its gold reserves by 15.8 tons; however, this amount is excluded from WGC statistics as they are quarterly.
The Bank of Singapore again led in sales volume (down 5.6 tons).
source: gold.org
In June, the leading gold buyers included Uzbekistan (9 tons), Kazakhstan (7.4 tons), Turkey (2.3 tons), China (2.2 tons), the Czech Republic (1.6 tons), and Kyrgyzstan (1.2 tons). Acquisitions by other central banks were under a ton. The State Oil Fund of Azerbaijan (SOFAR) raised its gold reserves by 15.8 tons; however, this amount is excluded from WGC statistics as they are quarterly.
The Bank of Singapore again led in sales volume (down 5.6 tons).
source: gold.org