Gold News

According to the World Gold Council (WGC), in April, Asia outpaced all other regions in terms of demand for gold-backed exchange-traded funds (ETFs) with a 65% share of net global volume.

A decrease of the indicator value may contribute to the fall in quotes of Gold.

No change of the indicator value may reduce the volatility of the related markets.

China’s central bank sustained its gold accumulation policy, expanding reserves for a sixth consecutive month, according to Bloomberg. In April alone, the People’s Bank of China bought around 70,000 troy ounces of the precious metal.

In 2025, gold hit fresh all-time highs, jumping 80% since last October. The metal’s rapid rally could trigger another parabolic surge in prices, Kitco News reports.

Mike McGlone, senior commodity strategist at Bloomberg Intelligence, noted the growing divergence between oil and gold prices. In his opinion, this trend signals further deterioration of economic conditions and a probability of a global recession.

Gold prices fell 0.7% on Wednesday as optimism over potential trade talks between the US and China dampened market interest in safe-haven assets.

Global demand for gold fell significantly in the first three months of 2025. The decline was mainly driven by the record growth in prices for the metal. Between January and March this year, gold consumption reached 514 tons, one of the lowest levels since 2010.

As noted by journalists of Bastille Post, despite high prices, the consumer market of gold in China revived during the five-day Labor Day celebrations. This was facilitated by promotional activities of local sellers.

Gold prices surged to a two-week high on Tuesday as demand for safe-haven assets increased. Investors are now expressing concerns over new tariff proposals from US President Donald Trump.