Morning Bites (part 3)
🏆Global physical gold demand fell 13% YoY to 1,030t in 1Q25, vs. the revised +7% YoY in 4Q24, according to World Gold Council data. Specifically, central bank purchases declined 21% YoY in 1Q25 (meanwhile, official central bank purchases, which represent ~⅓ of the demand from real government institutions, per WGC estimates, rose 14% YoY in 1Q25); gold jewellery demand was also down 21% YoY
Meanwhile, total global gold demand was up 17% YoY in 1Q25, amid robust ETF inflows. At the same time, world mined gold output was unchanged YoY in 1Q25
#gold
https://metals-wire.com/sector/Gold
Post #2077
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