Record-Breaking Outflows Hit Gold ETFs After Trump's Election

24.11.11

The world’s largest gold-backed ETF, SPDR Gold Shares (GLD), experienced its biggest weekly outflow in over two years following Donald Trump’s election victory. Investors, who had previously sought safety in gold due to election uncertainty, sold their positions to book profits after the definitive outcome. The outflow exceeded $1 billion, while spot gold prices fell 1.9% and total gold ETF holdings declined for the second consecutive week.

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