SPDR Gold Shares ETF Faces Outflows as Gold Rally Slows
The SPDR Gold Shares ETF (GLD) has seen a significant rally since early 2024, but recent data shows a slowdown in central bank gold buying and a shift to outflows in gold ETFs. Despite a 120% rise in GLD's price, gold prices have pulled back from a peak of $5,500 to $4,500 per ounce, with high inflation limiting the Fed's rate-cutting potential. This has led to a three-month net outflow of $7.5 billion from gold ETFs.
Tickers: $GLD
Topics: central banks ETFs Fed gold inflation market trends