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Bloomberg/Ranjeetha Pakiam and Elena Mazneva/9-29-2020
“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.”
USAGOLD note: A short but essential update for current and would be gold owners …… Central bank buying has been down modestly so far this year.
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