Gold’s Worst Month Since 2008 Meets Record Trading Volumes at $361 Billion a Day
Gold experienced its worst month since 2008 but saw record daily trading volumes of $361 billion.Summary
Gold prices saw a significant decline in March, marking its steepest monthly drop since October 2008 with a more than 13% fall, ending an eight-month winning streak. This sell-off was attributed to macroeconomic factors including a stronger US dollar, rising Treasury yields, and adjusted Federal Reserve expectations following an oil shock related to US-Iran conflict. Despite the price weakness, gold trading activity surged to unprecedented levels, with daily trading volumes averaging $361 billion in 2025. This volume surpasses that of major financial assets like US Treasury Bills and the Dow Jones, and is nearly triple the daily average seen in 2021. Central banks also continued their gold acquisitions, adding 19 tonnes in February, though this was below the 2025 monthly average.
(Source：BeInCrypto)