First-quarter gold demand reached an all-time high in value terms despite modest volume growth of 2 percent year-on-year.
Global gold demand increased 2 percent year-on-year in the first quarter, marking the highest value on record for the period. The rise reflects sustained investor and central bank interest amid economic uncertainty and inflation concerns.
The 2 percent gain follows a volatile 2023, where demand fluctuated due to shifting monetary policy expectations and geopolitical tensions. Comparable periods showed mixed trends, with some quarters posting stronger volume growth but lower value.
Markets reacted with modest upward pressure on gold prices, reinforcing its role as a safe-haven asset in the current macroeconomic environment.