黄金市场的变化随着中央银行的购买速度和需求的速度和金牌加密货币的需求增长

黄金市场的活动发生了变化，中央银行购买放缓和对交易所资金的需求和增长的加密货币的需求。

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.

黄金市场正在转移，因为中央银行购买的速度放缓，并从交易所交易的资金和金牌的加密货币增加。后者最近达到了三年的高度，以珍贵金属支持的代币的净铸造量来衡量。

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.

根据RWA.xyz的数据，过去一个月，这些代币中价值超过8000万美元被铸造出来。这一提升有助于推动该行业的市值增长6％，至14.3亿美元。同时，每月转移量飙升了77％至12.7亿美元，这表明对贵金属的数字表征产生了浓厚的兴趣。

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

令牌活动的这种激增与黄金市场的更广泛趋势保持一致。

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.

世界黄金委员会的最新报告表明，今年第一季度的黄金需求达到1,206吨，显示同比增长1％，这是自2016年以来最强的第一季度。尽管中央银行的购买量减少，但这一增长还是在第四季度的365吨。

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.

黄金ETF在这一转变中发挥了重要作用。投资需求已翻了一番，达到552吨，这可能表明投资者转移到贵金属中，这一举动通常与中央银行有关。

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.

这些流入的黄金平均季度价格为每盎司2,860美元，比上一年增加了38％。但是，随着风险资产（包括加密货币）的风险资产，价格下跌了2.35％，继续上涨。目前，现货黄金的交易价格为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.

尽管传统的黄金需求（例如珠宝）减少了大流行时代的低点，但酒吧和硬币需求仍然很高，尤其是在中国。