The world's largest gold ETF saw its largest weekly outflow of funds since 2022.

On November 12, Jinshi data, Trump's victory prompted traders to take profits, with outflows from the world's largest gold ETF, SPDR Gold Trust, exceeding $1 billion last week, the largest single-week outflow since July 2022. Spot gold fell by 1.9% during the same period. The total holdings of gold ETFs fell by 0.4%, marking the second consecutive weekly decline. Last month, due to the high uncertainty of the U.S. election, investors flocked to safe-haven assets. However, with Trump winning key battleground states and the Republicans controlling the Senate, investors exited 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 to a one-month low and causing a big dump in gold mining stocks.