Gold prices slipped 0.5% in early Asian trading on April 7, settling near $4,640 per ounce amid the US-Iran conflict, which continued to weigh on sentiment.
The decline extends a brutal March. The delivered gold’s steepest monthly drop since October 2008. Gold prices fell more than 13%, snapping an eight-month winning streak.
Gold’s Worst Month Since 2008 Can’t Slow a Historic Surge in Trading Activity
The sell-off began after the US-Israel strikes on Iran on February 28 sent oil prices surging.
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However, despite headline price weakness, gold market participation remains high. The Kobeissi Letter noted that daily trading volume averaged $361 billion in 2025.
Gold Surging Trading Volumes. Source: X/The Kobeissi LetterMoreover, over-the-counter activity and exchange volumes increased to $180 billion and $174 billion per day, while exchange-traded volumes soared to $7 billion.
The Kobeissi Letter stated that gold now trades more per day than most major financial assets. At $361 billion daily, gold surpasses US Treasury Bills at $186 billion, the EUR/GBP pair at $169 billion, and the Dow Jones at roughly $100 billion.
Apple, Nvidia, and Tesla combined averaged just $26 billion per day in 2025. This level of participation is nearly triple the $134 billion daily average seen in 2021.
Meanwhile, central bank buying also continued. According to the World Gold Council, net acquisitions reached 19 tonnes after a subdued January. While the figure marked a recovery from the previous month’s slowdown, it still fell short of the 26-tonne monthly average recorded throughout 2025.
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The post Gold’s Worst Month Since 2008 Meets Record Trading Volumes at $361 Billion a Day appeared first on BeInCrypto.
Source: https://beincrypto.com/gold-prices-worst-month-record-trading-volume/
