In the first quarter, global gold prices broke historical highs 20 times, with gold investment demand increasing by 170%.

The report released by the World Gold Council shows that in the first quarter, the global gold price broke historical highs 20 times. As a result, the total global gold jewelry consumption decreased by 21% year-on-year, reaching its lowest point since 2020. However, there was a significant increase in gold investment demand, with global gold investment demand in the first quarter reaching 551.9 tons, a year-on-year increase of 170%. This indicates that, with gold prices repeatedly hitting new highs, global demand for gold jewelry is decreasing, but the investment attributes of gold are becoming more favorable.