Turkey Uzbekistan China gold Turkey, Uzbekistan continue to buy gold, speculation grows that China is buying anonymously
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Last week, Krishan Gopaul, senior European and Middle East Market analyst, said that records show the Republic of Uzbekistan bought 8.7 tonnes of gold in October, the fifth straight month where they've purchased that amount.At the same time, he said that the Central Bank of Turkey bought 9 tonnes of gold last month,"lifting YTD net gold purchases to 103 tonnes. Total official gold reserves now total 498 tonnes.
The WGC noted that along with the reported purchases, there is a substantial estimate of unreported buying. Growing speculation among market analysts points to China as a major anonymous player.
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