Tuesday, October 7, 2025

Latest

Trump Win Sparks $1 Billion Outflow from World’s Biggest Gold ETF

SPDR Gold Shares (NYSEARCA: GLD), the world’s largest gold-backed ETF, saw a major shift as investors withdrew over $1 billion last week, marking the most significant outflow since July 2022.

This came in response to Donald Trump’s election victory, which spurred a rally in US stocks and the dollar, reducing gold’s appeal. The sell-off in GLD contributed to a 1.9% drop in spot gold prices and extended a two-week decline in gold-backed ETF holdings, based on Bloomberg data.

Leading up to the election, many investors sought gold as a safe haven, concerned about potential political uncertainty. However, Trump’s clear victory, including his success in critical swing states and the Republican retention of the Senate, prompted a shift. With the election outcome no longer uncertain, investors seized the opportunity to cash in on their gold investments.

Trump’s win has strengthened the dollar and fueled optimism in the stock market, making gold less attractive, especially for those holding foreign currencies.

Also read: Bitcoin Reaches Record High Following Trump Win

Meanwhile, cryptocurrencies like Bitcoin gained traction amid Trump’s positive stance on digital assets and a potentially crypto-friendly Congress. On Monday, gold prices continued their decline to a one-month low, with gold mining stocks also seeing a drop.


Information for this story was found via Bloomberg, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Even After Soaring in its Debut, President Trump’s Social Media SPAC DWAC Could be an Interesting Speculation

On October 20, former U.S. President Donald Trump, perhaps the most polarizing world figure in...

Friday, October 22, 2021, 03:52:00 PM

SKRR Exploration Raises $2.0 Million From Financing

SKRR Exploration (TSXV: SKRR) has closed its outstanding private placement. Announced mid-day yesterday, the company...

Tuesday, March 23, 2021, 09:01:55 AM

Trump Campaign Wants People to Think DeSantis Paid for Iowa Evangelical Leader’s Endorsement

Influential evangelical leader Bob Vander Plaats of Iowa has officially endorsed Florida Gov. Ron DeSantis....

Thursday, November 23, 2023, 11:50:58 AM

Gold Mountain Mining Officially Begins Mining Operations At Elk Gold Project

Mining is officially underway over at Gold Mountain Mining (TSXV: GMTN) in just a week...

Tuesday, November 9, 2021, 08:07:47 AM

Karora Resources Produces 29,831 Gold Ounces, Posts $69.6 Million In Revenue For Q2 2021

Karora Resources Inc. (TSX: KRR) announced this morning its operational and financial results for Q2...

Monday, August 9, 2021, 08:38:08 AM