A $79 Billion Gold ETF Halts Record Run as Haven Demand Ebbs
- SPDR Gold Shares posted three straight weeks of outflows
- The fund had seen eight consecutive months of inflows
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The world’s largest gold exchange-traded fund is seeing withdrawals after a ferocious run.
Traders pulled cash from the $79 billion SPDR Gold Shares (GLD) for a third straight week, following eight consecutive months of inflows, according to data compiled by Bloomberg. The fund dropped 0.2% at 3:30 p.m. Tuesday, extending its September losses. It still ranks second among ETFs this year after luring almost $20 billion and rallying about 30%.