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The world's largest gold ETF suffered its largest weekly outflow since 2022

Last week, the world's largest gold ETF, the SPDR Gold Trust, saw outflows of more than $1 billion, the largest weekly outflow since July 2022, as Trump's victory prompted traders to take profits. Spot gold fell 1.9% over the same period. Total gold ETF holdings fell 0.4%, the second consecutive weekly decline. Investors flocked to safe-haven assets last month due to high uncertainty about the US election, but with Trump's victory in key battleground states and Republican control of the Senate, ...

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2024-11-11 21:12:41
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