World Gold Council: Global gold total demand in the first quarter reached the strongest record since 2016.

On April 30th local time, the World Gold Council, based in London, released the "Global Gold Demand Trends Report for the first quarter of 2025". The report shows that global gold demand in the first quarter, including off-exchange trading investments, increased by 1% compared to the previous year, reaching 1206 tons, setting a record for the strongest first quarter demand since 2016; demand excluding off-exchange trading increased by 16% year-on-year. The World Gold Council's data shows that the average price of gold in the first quarter of this year reached $2860 per ounce, an increase of 38% compared to the previous year. The World Gold Council believes that the shadow of US tariffs, geopolitical uncertainty, stock market volatility, and a weakening US dollar have pushed gold prices to new highs.