Central bank buying, ETF inflows support third-quarter gold demand
Published . Updated .
The World Gold Council's (WGC’s) 'Gold Demand Trends' report for the third quarter has revealed that total gold demand was 1% lower year-on-year at 1 369 t. The gold price averaged $4 262/oz for the quarter, while the value of demand rose by 22% year-on-year to $188-billion.
Directly affected
- No company is named in this report.
Indirectly affected
- GLD SPDR Gold Shares-3.7% 30d
SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- GDX VanEck Gold Miners ETF-10.4% 30d
VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- NEM Newmont-13.4% 30d
Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- AEM Agnico Eagle Mines-7.6% 30d
Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- WPM Wheaton Precious Metals-21.1% 30d
Wheaton Precious Metals (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- GOLD Gold.com-16.9% 30d
Gold.com (jewelry, watches, precious stones and metals): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| GLD | +2.96% | +1.94% | base | after close | after close | after close | after close |
| GDX | +5.02% | +2.75% | base | after close | after close | after close | after close |
| NEM | +3.24% | +2.46% | base | after close | after close | after close | after close |
| AEM | +6.04% | +3.07% | base | after close | after close | after close | after close |
| WPM | +5.67% | +3.39% | base | after close | after close | after close | after close |
| GOLD | -1.49% | -3.96% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Central bank buying, ETF inflows support third-quarter gold demand Mining Weekly
Source: Mining Weekly
Spdr Gold Trust (GLD) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Agnico Eagle Mines (AEM) | three days earlier | +3.07% | final price |
| Agnico Eagle Mines (AEM) | five days earlier | +6.04% | final price |
| Vaneck Etf Trust (GDX) | three days earlier | +2.75% | final price |
| Vaneck Etf Trust (GDX) | five days earlier | +5.02% | final price |
| Spdr Gold Trust (GLD) | three days earlier | +1.94% | final price |
| Spdr Gold Trust (GLD) | five days earlier | +2.96% | final price |
| Gold.com (GOLD) | three days earlier | -3.96% | final price |
| Gold.com (GOLD) | five days earlier | -1.49% | final price |
| Newmont (NEM) | three days earlier | +2.46% | final price |
| Newmont (NEM) | five days earlier | +3.24% | final price |
| Wheaton Precious Metals (WPM) | three days earlier | +3.39% | final price |
| Wheaton Precious Metals (WPM) | five days earlier | +5.67% | final price |
Trades by members of Congress and officials in the stocks in this story
- Donald J Trump, an executive branch official, bought Newmont (NEM), worth $1,001 - $15,000 on 24 Aug 2026. That is 71 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Wheaton Precious Metals (WPM), worth $1,001 - $15,000 on 26 Aug 2026. That is 69 days before publication. Filed 10 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Spdr Gold Trust (GLD)
Companies mentioned with this story
- GLD Spdr Gold Trust
Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Central bank buying, ETF inflows support third-quarter gold demand.” Reason on file: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
- GDX Vaneck Etf Trust
For “Central bank buying, ETF inflows support third-quarter gold demand,” Vaneck Etf Trust (GDX) is linked, with no stored direction, medium confidence. Reason on file: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
- NEM Newmont
Newmont (NEM) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Central bank buying, ETF inflows support third-quarter gold demand.” Reason on file: Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- AEM Agnico Eagle Mines
In “Central bank buying, ETF inflows support third-quarter gold demand,” Agnico Eagle Mines (AEM) is linked, with no stored direction, medium confidence. Reason on file: Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- WPM Wheaton Precious Metals
Wheaton Precious Metals (WPM) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Central bank buying, ETF inflows support third-quarter gold demand.” Reason on file: Wheaton Precious Metals (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- GOLD Gold.com
In “Central bank buying, ETF inflows support third-quarter gold demand,” Gold.com (GOLD) is linked, with no stored direction, medium confidence. Reason on file: Gold.com (jewelry, watches, precious stones and metals): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
Spdr Gold Trust (GLD)
On 3 Nov 2026, “Central bank buying, ETF inflows support third-quarter gold demand” is the story that connects Spdr Gold Trust (GLD) to this story.
The link for Spdr Gold Trust (GLD) is this: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
Also listed, Vaneck Etf Trust (GDX): VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
Price levels for Spdr Gold Trust (GLD)
GDX traded between 78.92 and 89.70 across 20 sessions. The latest close on file is 83.13. GLD traded between 373.41 and 400.78 across 20 sessions. The latest close on file is 379.67. NEM traded between 104.52 and 120.03 across 20 sessions. The latest close on file is 106.60.
How strong the case is around Spdr Gold Trust (GLD)
46 out of 100
“Central bank buying, ETF inflows support third-quarter gold demand” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.