世界黄金协会：一季度全球黄金需求量创2016年以来新高

Group 1 - The World Gold Council's report indicates that global gold demand reached 1206 tons in Q1 2025, a 1% year-on-year increase, marking the highest level since Q1 2016 [1] - The average gold price in Q1 was $2860 per ounce, a 38% increase compared to the previous year, driven by factors such as US tariffs, geopolitical uncertainties, stock market volatility, and a weaker dollar [1] - Gold ETF inflows surged, contributing to a total investment demand of 552 tons, a 170% year-on-year increase, the highest quarterly level since Q1 2022 [1] Group 2 - Demand for gold bars and coins reached 325 tons, a 3% year-on-year increase, attributed to strong retail investment in China [1] - Jewelry demand fell to its lowest level since the pandemic began in 2020, although the monetary value of jewelry consumption increased by 9% year-on-year to $35 billion [1] - The high gold prices and seasonal demand weakness may pressure jewelry consumption in China in Q2, but the dual nature of gold as both a decorative and investment asset may provide some support [2]