The world’s biggest spot Gold Exchange-Traded Fund (ETF) recorded its largest single-day outflow since March 4, 2016, on March 5, 2026.
The SPDR Gold Shares (GLD), which has around $176.5 billion in assets under management (AUM) at press time, recorded a net cash outflow of about $2.91 billion on Wednesday, March 4.
GLD ETF cash flow for 10 years. Source: X
Why did the GLD ETF have its largest outflow?
The primary reason why GLD ETF recorded its largest cash outflow in the past decade is largely due to the macroeconomic impact. The ongoing Middle East conflict has interfered with the global supply chain of gold, thus resulting in low demand for gold among precious metals investors.
Meanwhile, the GLD ETF holders could be reacting to a potential top-out for the gold price following its parabolic rally in 2025. After the Gold price dropped from its all-time high (ATH) of about $5,600 per ounce to its 2026 low of around $4,407/oz, its bullish momentum has faded.
XAUT 7-Day performance. Source: Finbold
During the past seven days, XAUT price, as tracked by Finbold, dropped 2.17% to trade about $5,093 per ounce at press time. Despite the notable demand from global central banks due to the ongoing dedollarization, the gold price has been trapped in a horizontal consolidation.
As such, the market cap of the total gold above ground-reserve has dropped to about $35.5 trillion as of this publication, according to data provided by companiesmarketcap
Source: https://finbold.com/worlds-largest-gold-etf-sees-largest-1-day-outflow-in-a-decade/
