In the first quarter of this year, the total global gold supply slightly increased compared to the same period last year, reaching 1174 tons. Among them, driven by the rise in gold prices, the production of gold mines increased slightly by 2% year-on-year, reaching 856 tons; The total amount of recovered gold increased by 5% year-on-year, reaching 310.4 tons. This is the information released by the Global Gold Demand Trends Report released by the World Gold Council on the 5th. The report shows that the total global gold demand (including over-the-counter trading) in the first quarter of this year was 1174 tons, a slight increase of 1% year-on-year. Specifically, in the first quarter, global investment demand for gold bars and coins increased by 5% year-on-year, reaching 302 tons; The global demand for gold jewelry consumption is 478 tons, which is basically unchanged compared to the same period last year; Under the impact of the global economic downturn and the impact on the electronics industry, global demand for technology gold has dropped to 70 tons. It is worth noting that in the first quarter, multiple central banks continued to purchase gold. According to the World Gold Council, the global central bank's gold reserve increased by 228 tons in the first three months. In the first quarter, the global gold traded open-ended index fund (gold ETF) had an overall net outflow of 29 tons. In the Chinese market, the size of gold ETF holdings slightly decreased in the first quarter, with domestic gold ETF holdings reaching approximately 50.60 tons as of the end of March. In January and February of this year, Chinese investors' risk appetite increased, leading to significant outflows of gold ETFs. In March, gold prices strengthened, attracting investors' attention and driving a large amount of funds into ETFs. However, this is not enough to offset the total outflows of the previous two months, "said Wang Lixin, CEO of the World Gold Council in China. According to his analysis, due to factors such as China's domestic economic recovery, the demand for gold jewelry in the Chinese market rebounded significantly in the first quarter of this year. The following second quarter is the traditional off-season for gold demand, but the performance of gold physical investment demand in the second quarter of this year is likely to surpass the same period in previous years, "Wang Lixin said. (New News Agency)