World Gold Council: Upstream physical gold demand rebounds driving premium expansion of domestic and foreign gold prices in March.

On April 18, the World Gold Council released a statement saying that in March, the price of gold reached a new high, with the London afternoon gold price (LBMA) rising by 9.9% in US dollars, and the Shanghai afternoon benchmark gold price (SHAUPM) rising by 8.4% in Chinese yuan. The main factors driving the strong performance in the first quarter include: escalating geopolitical and trade policy risks globally increasing safe-haven demand, market concerns about US economic growth, and significant inflows into global gold ETFs creating strong momentum. The World Gold Council believes that the recovery in physical gold demand upstream has led to an expansion in the premium of gold prices domestically and internationally in March.