First-quarter gold demand hit its highest level in nine years as exchange-traded funds loaded up on the metal, according to the World Gold Council (WGC).
Total gold demand reached 1,206 tonnes in the first three months of 2025, a 1% increase from the same period a year ago, the WGC said in a new report Wednesday. Soaring inflows into gold ETFs fuelled a 170% surge in investment demand to 552 tonnes, the highest since the first quarter of 2022, WGC said.
As gold prices set multiple record highs this year, including touching $3,500.05 per oz. last week, investors have piled into physical gold ETFs, which grew by $21 billion in the first quarter, their second highest quarterly level since the second quarter of 2020.
Gold’s average price reached $2,860 per oz. in the quarter, a 38% jump from a year ago, according to data compiled by the London Bullion Market Association.
Flows into gold
Investment…
