BREAKING: The largest US physical-gold backed ETF, GLD, recorded -$1.8 billion in outflows in October, its biggest monthly withdrawal since June. This also marks its 3rd-largest monthly outflow since February 2024. Year-to-date, GLD has seen -$3.8 billion in withdrawals, putting it on track for its first annual outflow since 2023. By comparison, the fund attracted +$23.0 billion in inflows in 2025, its largest annual intake on record. Meanwhile, investors withdrew -$1.5 billion from gold and other precious metal funds last week, marking their 2nd weekly outflow over the last 7 weeks. Gold flows are highly volatile right now.