From Yahoo Finance: 2025-05-03 15:15:00

The gold market is shifting, with central bank buying slowing and demand for gold-backed cryptocurrencies and ETFs rising. Over $80 million worth of tokens minted in the past month, boosting the sector’s market cap to $1.43 billion. Total gold demand in Q1 2025 reached 1,206 tonnes, up 1% year-over-year.

Investment demand for gold has doubled to 552 tonnes, driving average quarterly price to a record $2,860 per ounce. Despite a 2.35% dip last week, spot gold is trading at $3,240. Traditional gold demand like jewelry is down, but bar and coin demand remains high, especially in China.



Read more at Yahoo Finance: Gold-Backed Crypto Minting Volume Hits 3-Year High as Central Bank Buying Drops