ETF and CRIPTO-Supported token purchases of the central bank accumulation is cooled

The Golden Market sees a change in activity, and the central bank buys slowing and demand from the stock exchange trading funds and criminals for gold that are growing. The latter recently moved to a three-year high, measured by the volume of net dice for tokens, which supported the valuable metal.

Over $ 80m worth of these tokens was forged in the last month in the last month, according to data rva.kiz. This incentive helped to press 6% to 1.43 billion dollars to the sector market. Meanwhile, a monthly rate of transmission increased 77% to 1.27 billion dollars, marking a sharp resource of interest for digital displays of precious metals.

The growth of the token activity is reflected in the wider trend in the gold market.

The World Handbook for Gold is Latest report It shows that the total demand for gold in the first quarter of the year reached 1,206 tons-growing growth and the strongest first quarters of 2016. years. Narj came despite the deceleration of the purchase of the Central Bank, which fell to 245 tons in the fourth quarter.

Golden ETFs played a central role in shift. The demand for investment is more than doubled to 552 tons, suggesting that investors move into a precious metal, central banks are moved to historically.

These inflows helped that the average quarterly price of gold pushes the minutes of $ 2,860 per ounces, by 38% of the previous year. Still, the price gave the price in the amount of 2.35%, after it increased 23.5% during the risk, including cryptocurrency, rose. Spot Gold is currently trading at 3,240 dollars.

Although the traditional demand for gold, such as jewelry, saw down falls on pandemic-eri Lovs-bar and demand for a coin, especially in China.

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