Indian Gold Demand Continued Strong In October
https://www.zerohedge.com/commodities/i ... ng-october
In the July-September quarter, central banks more than quadrupled gold purchases from a year earlier — adding nearly a net 400 tonnes to already sizable stockpiles.
Punters doing the math can confirm that about 90 tonnes worth of purchases can be traced to Turkey (31.2 tonnes), Uzbekistan (26.1 tonnes), India (17.5 tonnes) and other developing nations. The other 300 tonnes, it’s widely assumed, bear Chinese fingerprints.
Between the end of February and the end of September, China sold at least $121 billion of US Treasuries.
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