{"code":"xx.gold.official_absorption","node":{"code":"xx.gold.official_absorption","name":"Share of mine output absorbed by central banks","unit":"%","freq":"A","kind":"derived","source":{"publisher":"Computed by findash","keyShown":"cbgold/goldmine","note":"Derived series — see the formula and inputs in its lineage; every input resolves to a publisher."},"last":{"date":20251231,"value":26.160606060606064,"ingestedAt":1790269425},"derivation":{"formula":"cbgold/goldmine","plain":"Share of new mine supply central banks are taking off the market. Above ~20%, official buying — not jewellery or investors — is setting the marginal price.","inputs":[{"code":"xx.gold.cb_purchases","name":"Central-bank net gold purchases","plain":"Central banks' gold buying","unit":"tonnes/yr","freq":"A","kind":"static","source":{"publisher":"World Gold Council annual net central-bank purchases","keyShown":"gold/cb_net_purchases","note":"Hand-entered from the cited source (confidence: VERIFIED); review due 202702."},"last":{"date":20251231,"value":863.3,"ingestedAt":1790199106}},{"code":"xx.gold.mine_supply","name":"Gold mine production","plain":"Gold mined this year","unit":"tonnes/yr","freq":"A","kind":"static","source":{"publisher":"World Gold Council / USGS 2025 mine production, tonnes","keyShown":"gold/mine_supply","note":"Hand-entered from the cited source (confidence: VERIFIED); review due 202703."},"last":{"date":20251231,"value":3300,"ingestedAt":1790199106}}]}},"consumers":{"gauges":[],"indicators":[{"key":"official_absorption","plainName":"Share of new gold that central banks take","role":"output","formula":"central-bank net purchases ÷ annual mine supply × 100"}],"tripwires":[],"positions":[{"slug":"gold","title":"Gold as insurance","test":"Central bank buying, as a share of new mine supply"}]}}