Group 1 - The current spot gold price has dropped over 50 USD, now reported at 3237.76 USD/ounce, with a decline of 1.55% [2] - The World Gold Council's report on global gold demand trends for Q1 2025 was held on April 30, revealing a significant surge in gold ETF demand in the Chinese market, with inflows of approximately 16.7 billion CNY (about 2.3 billion USD, or 23 tons), marking a historical high [3] - The soaring gold prices and unprecedented inflows have driven the total assets under management (AUM) and total holdings of gold ETFs to break historical records, reaching 101 billion CNY (approximately 13.9 billion USD) and 138 tons, respectively [3] Group 2 - In Q1, the total gold consumption demand in the Chinese market (including gold bars, coins, and jewelry) was 249 tons, reflecting a year-on-year decline of 15%, primarily due to weak demand for jewelry [4]