Gold’s Worst Month Since 2008 Meets Record Trading Volumes at $361 Billion a Day
WikiBit 2026-04-07 18:39
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
Gold Surging Trading Volumes. Source: X/The Kobeissi Letter
Moreover, 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.
“Gold market activity is surging at a record pace,” the post read.
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 months slowdown, it still fell short of the 26-tonne monthly average recorded throughout 2025.
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