黃金市場的變化隨著中央銀行的購買速度和需求的速度和金牌加密貨幣的需求增長

黃金市場的活動發生了變化，中央銀行購買放緩和對交易所資金的需求和增長的加密貨幣的需求。

The gold market is shifting as central bank buying slows and demand from exchange-traded funds and gold-backed cryptocurrencies increases. The latter recently reached a three-year high, measured by the net minting volume for tokens backed by the precious metal.

黃金市場正在轉移，因為中央銀行購買的速度放緩，並從交易所交易的資金和金牌的加密貨幣增加。後者最近達到了三年的高度，以珍貴金屬支持的代幣的淨鑄造量來衡量。

Over $80 million worth of these tokens were minted over the past month, according to data from rwa.xyz. This boost helped push the sector's market cap up 6% to $1.43 billion. Meanwhile, monthly transfer volume soared 77% to $1.27 billion, indicating a strong recovery in interest in digital representations of the precious metal.

根據RWA.xyz的數據，過去一個月，這些代幣中價值超過8000萬美元被鑄造出來。這一提升有助於推動該行業的市值增長6％，至14.3億美元。同時，每月轉移量飆升了77％至12.7億美元，這表明對貴金屬的數字表徵產生了濃厚的興趣。

This surge in token activity aligns with a broader trend in the gold market.

令牌活動的這種激增與黃金市場的更廣泛趨勢保持一致。

The World Gold Council's latest report reveals that total gold demand in the first quarter of the year reached 1,206 tonnes, showing a 1% year-over-year increase and the strongest first quarter since 2016. This rise occurred despite a decrease in central bank purchases, which fell to 244 tonnes compared to 365 tonnes in the fourth quarter.

世界黃金委員會的最新報告表明，今年第一季度的黃金需求達到1,206噸，顯示同比增長1％，這是自2016年以來最強的第一季度。儘管中央銀行的購買量減少，但這一增長還是在第四季度的365噸。

Gold ETFs played a significant role in this shift. Investment demand has more than doubled to 552 tonnes, which may indicate investors shifting into the precious metal, a move typically associated with central banks.

黃金ETF在這一轉變中發揮了重要作用。投資需求已翻了一番，達到552噸，這可能表明投資者轉移到貴金屬中，這一舉動通常與中央銀行有關。

These inflows contributed to an average quarterly price of $2,860 per ounce for gold, marking a 38% increase from the previous year. However, the price decreased by 2.35% last week as risk assets, including cryptocurrencies, continued to rise. Currently, spot gold is trading at $3,240.

這些流入的黃金平均季度價格為每盎司2,860美元，比上一年增加了38％。但是，隨著風險資產（包括加密貨幣）的風險資產，價格下跌了2.35％，繼續上漲。目前，現貨黃金的交易價格為3,240美元。

While traditional gold demand, such as jewelry, decreased to pandemic-era lows, bar and coin demand remained high, particularly in China.

儘管傳統的黃金需求（例如珠寶）減少了大流行時代的低點，但酒吧和硬幣需求仍然很高，尤其是在中國。