China
Gold Association reports gold consumption fell in Q1
Mon
April 28 2025
China
Gold Association reports gold consumption fell in Q1
- down
5.96% to 290,492 metric tons
- Q1
domestic mined gold output reached 87.243 tons, up 1.49% y/y.
- Gold
ETF holdings in China in Q1 increased by 23.47 tons, up 327.73% y/y
More (via
Reuters):
- China’s
gold consumption dropped nearly 6% in Q1 2025, with soaring prices pushing
consumers away from jewellery and toward investment products like bars and
coins.
- Demand
for gold bars and coins surged as investors sought safe-haven assets amid
rising geopolitical and economic uncertainties.
- Total
gold consumption in China fell 5.96% year-on-year to 290.492 tonnes in Q1
2025.
- Gold
jewellery demand plummeted 26.85% to 134.531 tonnes due to higher gold
prices.
- Investment-driven
consumption of gold bars and coins jumped 29.81% to 138.018 tonnes.
- Consumers
increasingly view gold as a safe-haven investment amid global volatility.
• The shift highlights growing financial caution among Chinese consumers
in 2025.
Source:
https://www.forexlive.com