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GLOBAL GOLD REPORT: Poland, Azerbaijan, and China lead global gold demand in Q1 2025
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GLOBAL GOLD REPORT: Poland, Azerbaijan, and China lead global gold demand in Q1 2025

By Paul Hoffman Gold prices started surging last year as both central banks and investors sought safer assets amid rising geopolitical tensions and economic uncertainty. While many grasped the opportunity to buy, others took advantage of the high prices to sell off substantial amounts. Our team at BestBrokers analyzed data on gold reserves from the World Gold Council, covering all of 2024 and the first quarter of 2025. We identified the largest buyers and sellers of gold during this period. Our analysis shows that by buying 48.6 tonnes of gold between January and March 2025, Poland retained its leading position in Europe and the world from 2024, when it became the largest net buyer of gold with purchases totalling 89 tonnes. Here are a few key takeaways fro...