Gold-Backed Crypto Minting Volume Hits 3-YEAR HIGHHHA as Central Bank Buying Drops

Gold-Backed Crypto Minting Volume Hits 3-YEAR HIGHHHA as Central Bank Buying DropsA surge in demand, particularly from etfs, pushed the average quarterly Gold Price to a record High. May 3, 2025, 7:15 pm

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 Measure by the Net Minting Volume for Tokens Backed by the Prews Metal.

Over $ 80 Million Worth of Tese Tokens Were Minted Over The Past Month, Account 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 the 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-1% Year-Over-Year Increase and The Strongest FIRST FIRST QUART. 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 Precoses Metal, A Move Central Banks Are Known for Historically.

Those Inflows Helped Push the AVarterly 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-Droping to Pandemic-Era Lows-Bar and Coin Demand Stayed Elevated, Especialy in China.

Read More: Tokenized Gold Surges Above $ 2b Market Cap As Tariff Fears Spark Safe Haven Trade