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The World Gold Council's "Global Gold Demand Trends Report for the First Quarter of 2025" released on April 30th shows that despite gold prices breaking the record of $3000 per ounce, total global gold demand in the first quarter (including off-exchange transactions) reached 1206 tons, a 1% year-on-year increase. The report also indicates that the recovery of gold ETF demand drove the total gold investment demand in the first quarter to more than double to 552 tons, a 170% year-on-year increase, reaching the highest quarterly level since the first quarter of 2022. Furthermore, driven by the surge in retail investment in China, 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 in history.
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