Large influx of gold ETFs boosts global investment demand in the first quarter.

The World Gold Council recently released the "Global Gold Demand Trends Report for the first quarter of 2025", showing that the total global gold demand in the first quarter reached 1206 tons, an increase of 1% year-on-year. Among them, the demand for gold ETFs rebounded, driving the total gold investment demand in the first quarter to more than double, reaching 552 tons, a year-on-year increase of 170%, reaching the highest quarterly level since the first quarter of 2022. Looking at the Chinese market, the demand for gold ETFs in the Chinese market surged synchronously, with an inflow of about 16.7 billion yuan in the first quarter, hitting a historical high. The soaring gold price and unprecedented inflow volume have driven the total assets under management and total holdings of gold ETFs to surpass historical records, reaching highs of 101 billion yuan and 138 tons respectively. In addition, the total demand for gold bars and coins in the first quarter increased by 3% year-on-year to 325 tons, setting the second-highest record for quarterly demand for gold bars and coins.