World Gold Council: Poland and China lead gold purchases in the first half of the year, central banks in emerging markets participated widely

The Zhitong Finance App learned that the World Gold Council published an article stating that in the first half of the year, Poland and China continued to lead in gold purchases, and gold purchasing activities were widely distributed among central banks in emerging markets. The central banks of Uzbekistan, Kazakhstan, Jordan, the Czech Republic, Ghana, and Georgia continue to buy money; the central banks of Russia and Turkey are the main sellers.

According to data, central banks around the world publicly purchased 51 tons of gold in June; the Polish State Bank was the largest official gold buyer (19 tons), followed by the People's Bank of China (15 tons). In addition to continuing purchases from common gold purchasing countries, Georgia (1 ton) and Ghana (1 ton) have resumed gold purchases.

In June, the People's Bank of China purchased 15 tons of gold, second only to the Central Bank of Poland. By the end of July, the People's Bank of China had 2,366 tons of gold reserves, an increase of about 20 tons over the previous month, increasing its gold holdings for 21 consecutive months.

Overall, in the first half of the year, the Bank of Poland was still the largest official buyer of gold (82 tons), the Central Bank of Uzbekistan (41 tons), the People's Bank of China (40 tons), the National Bank of Kazakhstan (27 tons), and central banks in the Czech Republic, Singapore, Chile, Jordan, and Ghana (6 tons or more). The remaining smaller central banks for gold purchases were distributed in emerging markets.

In terms of sales, the Turkish central bank is the largest net seller (83 tons). Its gold sales activity was concentrated in the first quarter, selling only 4 tons in the second quarter, and swap positions were reduced at the end of June; Russia's net gold sales volume from the beginning of the year to date is 44 tons.