世界黄金协会：第三季度全球黄金需求总量1313吨，创新纪录

Core Insights - The World Gold Council reported record-high global gold demand in Q3 2025, with total demand reaching 1,313 tons, a 3% year-on-year increase, marking the highest quarterly demand since the Council began tracking this data [1] - The total monetary value of gold demand surged by 44% year-on-year to $14.6 billion, also setting a historical record [1] - As of the end of Q3 2025, total gold demand increased by 1% to 3,717 tons, corresponding to a monetary value of $38.4 billion, reflecting a 41% year-on-year growth [1] Investment Demand - Investment demand remained the dominant force in gold demand, with global gold ETF holdings increasing significantly by 222 tons [1] - Demand for gold bars and coins continued to exceed 300 tons for the fourth consecutive quarter, reaching 316 tons in Q3 [1] Central Bank Purchases - Central bank gold purchases remained high at 220 tons in Q3, a 28% increase from the previous quarter [1] - Cumulatively, gold purchases by central banks reached 634 tons in the first three quarters of the year, although this is a decrease from 724 tons during the same period last year [1] Jewelry Consumption - Jewelry consumption saw a double-digit decline year-on-year, dropping to 371 tons, continuing a downward trend for six consecutive quarters due to high gold prices [2] - In contrast, the monetary value of jewelry consumption increased by 13% to $41 billion [2] Technology Demand - Demand for gold in technology applications slightly decreased compared to Q3 2024, facing challenges from U.S. tariff policies and rising gold prices, despite some support from AI applications [2]