Gold prices have stabilized after reaching a record high near the $3500 per ounce mark on April 22. According to the World Gold Council, investment in gold in the first quarter of 2025 increased by 170% year-on-year, reaching the highest level since the first quarter of 2022. The growth in investment in exchange-traded funds (ETFs) was particularly notable. Purchases of gold bars and coins also increased. However, the demand from central banks decreased by 21%.On Thursday, gold, which was under selling pressure, overcame the lower boundary of the range ($3260), and is now testing local support around $3220. Significant support is located below, in the range below the $3150 level.