世界黄金协会：2025全球黄金需求破5000吨 ，中国市场金额同比激增53%

Group 1 - Global gold demand reached a record high of 5002 tons in 2025, with a total value of $555 billion, marking a 1% year-on-year increase in Q4 demand to 1303 tons [1] - Central bank gold purchases remained strong, with official institutions adding 863 tons of gold in 2025, contributing significantly to global demand; Q4 net purchases were 230 tons, up 6% quarter-on-quarter [1] - Investment demand for gold was the main driver behind the record annual demand, totaling 2175 tons, a substantial increase of 84% year-on-year; global gold ETFs saw a net increase of 801 tons, while demand for gold bars and coins reached 1374 tons, up 16% [1] Group 2 - In the technology sector, gold demand totaled 323 tons for the year, a 1% decline, with Q4 demand at 82 tons [2] - In China, total gold demand reached 1003 tons in 2025, a 6% increase year-on-year, with a total value of 796 billion RMB, a 53% surge, marking a historical high; strong investment demand offset weakness in the jewelry sector [2] - Louise Street, a senior market analyst at the World Gold Council, indicated that geopolitical and economic uncertainties are driving a surge in gold demand, with expectations for continued strong demand into 2026 as uncertainties persist [2]