Deep Tide TechFlow News, on May 4th, according to CoinDesk, the World Gold Council's latest report shows that global gold demand reached 1,206 tons in the first quarter of 2025, marking the strongest start since 2016. Among them, the monthly transfer volume of gold-backed cryptocurrencies (digital tokens linked to physical gold, with each token backed by an equivalent amount of physical gold) surged 77% to $1.27 billion, and the minting volume surpassed $80 million, reaching a three-year high. During the same period, demand for gold ETFs doubled to 552 tons, pushing the quarterly average gold price to a historic high of $2,860 per ounce. It is worth noting that although central bank gold purchases slowed to 244 tons, institutional investors' enthusiasm for gold remains strong, especially in the Chinese market where demand for gold bars and coins stays robust.