Bloomberg with a bit of a round up of the two forecasts for renewed CB buying next year.
Citi sees purchases rising to rising to about 450 tons
- compared with 375 tons this year (lowest in a decade)
HSBC Securities are at 400 tons
- their 2020 estimate is 390 tons
More:
Russia, China both seen as significant buyers by Citi
HSBC
- “While the influence of central bank activity should not be discounted, it is taking a backseat to ETFs and other forms of demand this year.”
If you'd like to check it out, Bloomberg report is available here
