Gold-buying by central banks seen climbing from near decade low - THEMARKETTRENDZ

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Tuesday, 29 September 2020

Gold-buying by central banks seen climbing from near decade low

Citigroup Inc. sees demand from the official sector rising to about 450 tons after a drop to 375 tons this year, which would be the lowest in a decade. HSBC Securities (USA) Inc. expects a slight up-tick to 400 tons from an estimated 390 tons in 2020, potentially the second-lowest amount in 10 years.

from Commodities-Markets-Economic Times
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