In the third quarter of this year, central banks worldwide bought 220 tons of gold, and spending on gold jewelry reached 41 billion dollars

On the 30th local time, the World Gold Council released the "Global Gold Demand Trends Report" for the third quarter of 2025, stating that the total global gold demand reached 1,313 tons in the third quarter of this year, a year-on-year increase of 3%; the value of gold demand surged 44% year-on-year to USD 146 billion, with both figures setting a record for a single quarter. By the end of the third quarter, total gold demand grew by 1% to 3,717 tons, with a value of USD 384 billion, a year-on-year increase of 41%. Investment demand dominated. Global gold investment demand skyrocketed to 537 tons in the third quarter, a year-on-year increase of 47%, accounting for 55% of the net gold demand for the quarter. Among them, gold ETFs performed particularly well, with a total global holding increase of 222 tons; physical gold investment was also hot, with demand for gold bars and coins exceeding 300 tons for the fourth consecutive quarter. International gold prices hit new highs repeatedly. The gold futures price on the New York Mercantile Exchange rose from USD 3,307.7 per ounce at the end of June to USD 3,873.2 per ounce by the end of the third quarter, an increase of 17.1%. Entering October, the gold price surged further, breaking the USD 4,000 mark, with gold futures prices reaching an intraday historical high of USD 4,392 per ounce on October 20, highlighting the current market's enthusiasm for gold investment. The high gold prices did not deter central banks from purchasing gold. In the third quarter, global central banks net purchased a total of 220 tons of gold, an increase of 28% compared to the second quarter and a year-on-year increase of 10%. [Microphone] Industry insiders stated that escalating geopolitical tensions, persistent inflationary pressures, and uncertainties in global trade policies have driven up investors' demand for safe-haven assets. Additionally, the weakening of the US dollar, expectations of interest rate cuts by the Federal Reserve, and the existence of stagflation risks will further support future gold investment demand