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- 🗒 Gate.io Suggested Topics Posting Event: #NFP Data Release#
✍️ Please include the topic #NFP Data Release# in your post
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The Non-Farm Payroll (NFP) data is set to be released on May 2nd. As a key economic indicator, it often has a significant impact on market sentiment. How do you think this upcoming report will influence the crypto market’s direction? Are you bullish or bearish?
Post with the hashtag #NFP Data Release# to share your insights or analysis to share the $50 reward pool!
⏰ Event Time: April 30, 4:00 AM - May 1, 4:00 AM (UTC)
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World Gold Council: Q1 global gold demand reaches the highest level for a first quarter since 2016.
On April 30, the World Gold Council (WGC) said on Wednesday that global gold demand (including over-the-counter transactions) in the first quarter of 2025 increased by 1% year-on-year to 1,206 metric tons, the highest first-quarter level since 2016. A sharp rebound in gold-backed ETF inflows drove total investment demand to 552t, up 170% y-o-y, the highest since Q1 2022. Bar and coin demand remained high at 325t in Q1, 15% above the five-year quarterly average. Global gold jewellery demand, the main category of physical demand, fell 21% to 380.3t, the lowest since the pandemic began in 2020. Central bank purchases, another major source of gold demand, fell 21% to 243.7t in Q1.