Gold demand reached 1,249 tons globally in the second quarter of 2025 (Q2), a three percent increase year-on-year, according to the World Gold Council on Thursday.
High demand for gold investment was instrumental in boosting the overall Q2 demand, according to the council's Q2 2025 Gold Demand Trends report.
Gold jewelry demand volumes declined but the value continued to rise in the second quarter, said the report.
Central banks remained a key pillar of global demand, adding 166 tons to global official gold reserves.
Although the pace of buying moderated, the demand outlook from central banks remains favorable, said the report.
Global gold demand up 3 pct in Q2
The multilateral system is "under attack" amid global turmoil, President of the 80th UN General Assembly Annalena Baerbock warned in her remarks on Wednesday.
In her briefing on the priorities for the resumed 80th Session of the General Assembly, the UNGA president noted that the current multilateral system does not collapse all in a sudden, but "crumbles piece by piece" in divisions, compromises, and lack of political commitment.
The president called all the UN member states to defend the UN Charter and international law and promote cross-regional cooperation.
She also urged to push forward the work of the UNGA on certain critical issues with a strong majority, rather than an absolute consensus among all member states. Such act is not a failure of multilateralism, but "an affirmation of it," she said.
The foundational principles of the institution should not be eroded by appeasement, she said, calling the member states to show courage, leadership, and responsibility at the UN's "critical make-or-break moment."
"The UN needs you. Your support, your leadership, your principle, stand, your cross-regional cooperation, if we are to preserve and modernize this institution, if we are to make it, rather than break it," she said.
UNGA President warns global multilateral system "under attack"
UNGA President warns global multilateral system "under attack"
