Gold ETFs See Major Outflows Amid Trump Win and Market Volatility
TL;DR Summary
The SPDR Gold Trust experienced a $1 billion outflow, its largest in over two years, as investors shifted away from gold following Donald Trump's election victory. This move comes after gold prices hit a record high in October but have since declined by 6%. The outflow reflects changing market expectations, with investors anticipating a strong dollar and economic growth under Trump's policies. Meanwhile, Bitcoin has seen gains, contrasting with gold's decline.
- Gold ETF Hit With $1 Billion Outflow: Investors Dump Safe Haven Asset After Trump Win Benzinga
- Top Gold ETF Sees Largest Weekly Outflow Since 2022 on Trump Win Bloomberg
- Gold drops over 2% as dollar strengthens; investors await Fed policy cues Reuters
- Ignore the Selloff in Gold. Trump’s ‘Chaos Grenade’ Win Will Bring Gains. Barron's
- Gold's price is plunging. Is this the right time to buy in? CBS News
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