Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Precious Metal»ETF and Crypto-Backed Token Buying Surge as Central Bank Demand Cools
    Precious Metal

    ETF and Crypto-Backed Token Buying Surge as Central Bank Demand Cools

    May 3, 20252 Mins Read


    The gold market is seeing a shift in activity, with central bank buying slowing and demand from exchange-traded funds and gold-backed cryptocurrencies growing. The latter recently moved to a three-year high, as measured by the net minting volume for tokens backed by the precious metal.

    Over $80 million worth of these tokens were minted over the past month, according to data from rwa.xyz. That boost helped push the sector’s market cap up 6% to $1.43 billion. Meanwhile, monthly transfer volume rose 77% to $1.27 billion, marking a sharp resurgence of interest in digital representations of the precious metal.

    The rise in token activity mirrors a broader trend in the gold market.

    The World Gold Council’s latest report shows that total gold demand in the first quarter of the year reached 1,206 tonnes—a 1% year-over-year increase and the strongest first quarter since 2016. The surge came despite a slowdown in central bank purchases, which fell to 244 tonnes, down from 365 tonnes in the fourth quarter.

    Gold ETFs played a central role in the shift. Investment demand has more than doubled to 552 tonnes, suggesting investors are moving into the precious metal, a move central banks are known for historically.

    Those inflows helped push the average quarterly price of gold to a record $2,860 per ounce, up 38% from the previous year. Yet the price dipped 2.35% last week, after rising 23.5% year-to-date, while risk assets, including cryptocurrencies, rose. Spot gold is currently trading at $3,240.

    While traditional gold demand, such as jewelry, saw a downturn—dropping to pandemic-era lows—bar and coin demand stayed elevated, especially in China.

    Read more: Tokenized Gold Surges Above $2B Market Cap as Tariff Fears Spark Safe Haven Trade





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Coetzé makes it three from three with another silver in Singapore

    Precious Metal

    US Tariffs Impact on Copper, Gold & Crude: Rediff Moneynews

    Precious Metal

    Gold Price Today: Yellow Metal Price Dips Despite Global Gains—Can It Soon Cross Rs 1 Lakh Mark?

    Precious Metal

    CALUM McCLURKIN: Field Of Gold reversal proves there are no guarantees in this volatile game as ‘Glorious’ Goodwood turns into an almighty grind

    Precious Metal

    Home and Away star suffers an embarrassing wardrobe malfunction as Australia’s biggest TV stars take to the Logies red carpet

    Precious Metal

    Rescuers recover body of trapped worker at Chile copper mine

    Precious Metal
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    Yes Bank annonce que CA Basque Investments cède 2,62 % de sa participation dans la société

    Precious Metal

    Au Ghana, le GoldBod concentre pouvoirs et critiques dans le négoce de l’or

    Investments

    Le marché des obligations catastrophes poursuit son impressionnante progression

    Editors Picks

    Whales Scooping Up 3 Bullish Coins Ahead of Altcoins Rally: What You Should Know

    October 27, 2024

    Malaysia, China to enhance collaboration in palm oil supply chains and focus on market expansion, innovation, says deputy minister

    February 23, 2025

    Osisko Metals : Nouvelles Intersections Minéralisées Larges Révélées par les Forages de Comblement et d’Extension à Gaspé Copper

    July 10, 2025

    Le gouvernement éthiopien ratifie l’adhésion du pays au projet Kefi Gold and Copper Project Co-lender

    May 13, 2025
    What's Hot

    Real Estate Realities – Naples Florida Weekly

    August 22, 2024

    7 arguments to buy villa in Cyprus: holidays and investments

    July 15, 2024

    XAG/USD holds near $38.00 as bullish momentum builds

    July 16, 2025
    Our Picks

    OMERS to Expand Investments in Italy with Acquisition of Transit and Advertising Network

    August 7, 2024

    Quand le sénateur devient professeur de vie démocratique et d’engagement citoyen

    March 20, 2025

    12 Best Oil and Gas Dividend Stocks According to Billionaires

    March 30, 2025
    Weekly Top

    Coetzé makes it three from three with another silver in Singapore

    August 3, 2025

    US Tariffs Impact on Copper, Gold & Crude: Rediff Moneynews

    August 3, 2025

    Nigeria needs science, GMOs for agricultural progress —NABDA DG

    August 3, 2025
    Editor's Pick

    CMA action “would put upfront information back on property agenda”

    July 13, 2025

    Klarna dépose une demande d’introduction en Bourse aux États-Unis

    March 17, 2025

    Where does the flow go? Does the City have to provide utilities for annexed areas?         – Daily Leader

    July 18, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.