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Just stopping by Farcaster to say that the world's largest gold ETF had a massive outflow yesterday — 18 tons in a single day. It's the biggest movement since 2013, pretty crazy.
The SPDR Gold Trust now holds 1,081,038 tons in stock. These numbers usually reflect what's happening with actual gold demand, so a reduction of this magnitude draws attention.
It's not every day we see such a sharp pullback. There must be something going on in the gold market that people aren't talking about much.