Rising Gold ETFs Power Strong Q1 Demand The World Gold Council reported that Q1 2025 gold demand reached 1,206 tons, up 1% year-on-year, with prices exceeding $3,000 per ounce. Investment demand doubled to 552 tons, driven by a rebound in gold-backed ETFs, the highest since Q1 2022. Global ETF inflows totaled 226 tons amid price gains and trade policy uncertainty. Demand for gold bars and coins rose 3% to 325 tons, led by strong retail investment in China. U.S. bar demand fell 22%, while Europe gained 12 tons. Central banks added 244 tons, continuing net purchases for the sixteenth year despite a 21% drop from last year. Jewelry demand declined despite gold hitting 20 new price records; consumer spending rose 9% to $35 billion. Total gold supply remained steady at 1,206 tons with record mine output and slightly less recycling. Louise Street of the World Gold Council noted market turmoil and recession fears boosted gold demand to its strongest Q1 since 2016. She added that continued uncertainty may further increase safe-haven demand from investors and central banks
