Data Gold 12 November, because Trump's victory prompted traders to take profits, last week the outflow of funds from the world's largest gold ETF--SPDR Gold Trust exceeded $1 billion, the largest single-week outflow since July 2022. Spot gold dropped by 1.9% during the same period. The total holdings of the gold ETF fell by 0.4%, marking the second consecutive week of decline. Last month, due to the high uncertainty of the U.S. election, investors flocked to safe-haven assets, but with Trump's victory in key battleground states and Republican control of the Senate, investors exited their positions to take profits. Trump's victory also boosted U.S. stocks and the dollar, reducing the attractiveness of gold to investors holding other currencies. Gold traders continued to take profits on Monday, pushing gold prices down to a one-month low and causing a big dump in gold mining stocks.
Lihat Asli
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
ETF emas terbesar di dunia mengalami arus keluar dana mingguan terbesar sejak 2022
Data Gold 12 November, because Trump's victory prompted traders to take profits, last week the outflow of funds from the world's largest gold ETF--SPDR Gold Trust exceeded $1 billion, the largest single-week outflow since July 2022. Spot gold dropped by 1.9% during the same period. The total holdings of the gold ETF fell by 0.4%, marking the second consecutive week of decline. Last month, due to the high uncertainty of the U.S. election, investors flocked to safe-haven assets, but with Trump's victory in key battleground states and Republican control of the Senate, investors exited their positions to take profits. Trump's victory also boosted U.S. stocks and the dollar, reducing the attractiveness of gold to investors holding other currencies. Gold traders continued to take profits on Monday, pushing gold prices down to a one-month low and causing a big dump in gold mining stocks.