{"id":25043,"date":"2025-05-03T19:48:12","date_gmt":"2025-05-03T19:48:12","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25043"},"modified":"2025-05-03T19:48:12","modified_gmt":"2025-05-03T19:48:12","slug":"gold-backed-crypto-minting-volume-hits-3-year-high-as-central-bank-buying-drops","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25043","title":{"rendered":"Gold-Backed Crypto Minting Volume Hits 3-Year High as Central Bank Buying Drops"},"content":{"rendered":"<div>\n<p>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 measured by the net minting volume for tokens backed by the precious metal.<\/p>\n<p>Over $80 million worth of these tokens were minted over the past month, according to data from <a href=\"http:\/\/rwa.xyz\/\">rwa.xyz<\/a>. That boost helped push the sector\u2019s 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.<\/p>\n<p>The rise in token activity mirrors a broader trend in the gold market. <\/p>\n<p>The World Gold Council\u2019s latest <a href=\"https:\/\/www.gold.org\/goldhub\/research\/gold-demand-trends\/gold-demand-trends-q1-2025\">report<\/a> shows that total gold demand in the first quarter of the year reached 1,206 tonnes\u2014a 1% year-over-year increase and the strongest first quarter since 2016. The surge came despite a slowdown in central bank purchases, which fell to 244 tonnes, down from 365 tonnes in the fourth quarter.<\/p>\n<p>Gold ETFs played a central role in the shift. Investment demand has more than doubled to 552 tonnes, suggesting investors are moving into the precious metal, a move central banks are known for historically.<\/p>\n<p>Those inflows helped push the average quarterly 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.<\/p>\n<p>While traditional gold demand, such as jewelry, saw a downturn\u2014dropping to pandemic-era lows\u2014bar and coin demand stayed elevated, especially in China.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/04\/10\/tokenized-gold-nears-usd2b-market-cap-as-tariff-fears-spark-safe-haven-trade\">Tokenized Gold Surges Above $2B Market Cap as Tariff Fears Spark Safe Haven Trade<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 measured by the net minting volume for tokens backed by the precious metal. Over $80 million worth of these tokens were minted over [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25043","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25043"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25043\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}