Lates News

The World Gold Council's first quarter global gold demand trend report for 2025 was released on April 30th. At the press conference, it was revealed that the demand for gold ETFs in the Chinese market surged in the first quarter, with approximately 16.7 billion yuan (about 2.3 billion US dollars, or 23 tons) flowing in, reaching a historic high. The sharp rise in gold prices and unprecedented inflow volume pushed the total assets under management (AUM) and total holdings of gold ETFs to break through historical records, reaching 101 billion yuan (about 13.9 billion US dollars) and 138 tons respectively. According to statistics, the total gold consumption demand in the Chinese market in the first quarter (including gold bars, coins, and jewelry) was 249 tons, a 15% year-on-year decrease mainly due to weak demand for gold jewelry. (People's Financial News)