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Morning Bites (part 1)

🏆Global physical gold demand declined 7% YoY to 893t in 2Q25, vs. the -13% YoY in 1Q25, according to World Gold Council data. Specifically, central bank purchases declined 21% YoY in 2Q25; gold jewellery demand was also down 14% YoY

Meanwhile, total global gold demand was up 11% YoY in 2Q25, amid robust ETF inflows. At the same time, world mined gold output inched up 1% YoY in 2Q25

#gold
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