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Gold ETF GLD sees $14B outflows amid 7.8% gold price drop YTD, pressured by AI-driven tech demand.

Market News
17 Jul 2026
Finbold
View Source
Bearish
pluang ai news

The SPDR Gold Shares ETF (GLD), the largest gold ETF in the U.S., has experienced over $14 billion in cash outflows since March 1, 2026, coinciding with a 7.8% year-to-date decline in gold prices. The GLD's net asset value fell to about $128.61 billion by mid-July, with significant monthly outflows especially in March. This sell-off is partly driven by rising investor interest in semiconductor and industrial metal stocks fueled by AI hardware demand. Despite this, gold still benefits from inflation concerns and central bank demand, suggesting potential for price recovery if inflows return to GLD.

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