[Goldman Sachs: Central Bank Purchases to Support Gold Prices] Odaily Planet Daily News - Goldman Sachs stated that despite the pressure from the Federal Reserve's hawkish expectations, central bank purchases are expected to provide a floor of support for gold prices. Current demand remains strong, with the bank estimating that central banks purchased 81 metric tons of gold in May, with a three-month average monthly purchase volume of 67 metric tons—far exceeding the pre-2022 average of 17 metric tons. Goldman Sachs analysts commented: 'We believe the trend of central banks increasing gold reserves as a means of diversifying reserves to hedge geopolitical and financial risks will persist for years.' The bank predicts that the average monthly gold purchase volumes for this year and next year will be 50 metric tons and 40 metric tons, respectively. (Jin10)