Higher Energy, Gold Exports Offset US Tariff Impact on Canada
Published . Updated .
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This report is about gold and tariffs and trade.
Directly affected
- No company is named in this report.
Indirectly affected
- GLD SPDR Gold Shares-3.1% 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.
- XLI Industrial Select Sector SPDR-0.3% 30d
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- EWC iShares MSCI Canada ETF+0.9% 30d
iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”).
- AEM Agnico Eagle Mines-7.6% 30d
Agnico Eagle Mines (gold and silver ores, with business in Canada): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- WPM Wheaton Precious Metals-22.5% 30d
Wheaton Precious Metals (gold and silver ores, with business in Canada): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- NEM Newmont-13.0% 30d
Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- CAT Caterpillar-23.2% 30d
Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) 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 | +3.96% | -0.97% | base | after close | after close | after close | after close |
| GDX | +8.14% | -0.70% | base | after close | after close | after close | after close |
| XLI | -1.66% | -2.29% | base | after close | after close | after close | after close |
| EWC | +2.17% | +0.68% | base | after close | after close | after close | after close |
| AEM | +9.50% | -1.15% | base | after close | after close | after close | after close |
| WPM | +7.62% | -0.80% | base | after close | after close | after close | after close |
| NEM | +6.01% | -0.81% | base | after close | after close | after close | after close |
| CAT | +14.53% | -0.17% | 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.
Higher Energy, Gold Exports Offset US Tariff Impact on Canada Bloomberg.com
Source: Bloomberg
Spdr Gold Trust (GLD) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Agnico Eagle Mines (AEM) | three days earlier | -1.15% | final price |
| Agnico Eagle Mines (AEM) | five days earlier | +9.50% | final price |
| Caterpillar (CAT) | three days earlier | -0.17% | final price |
| Caterpillar (CAT) | five days earlier | +14.53% | final price |
| Ishares Msci Canada Etf (EWC) | three days earlier | +0.68% | final price |
| Ishares Msci Canada Etf (EWC) | five days earlier | +2.17% | final price |
| Vaneck Etf Trust (GDX) | three days earlier | -0.70% | final price |
| Vaneck Etf Trust (GDX) | five days earlier | +8.14% | final price |
| Spdr Gold Trust (GLD) | three days earlier | -0.97% | final price |
| Spdr Gold Trust (GLD) | five days earlier | +3.96% | final price |
| Newmont (NEM) | three days earlier | -0.81% | final price |
| Newmont (NEM) | five days earlier | +6.01% | final price |
| Wheaton Precious Metals (WPM) | three days earlier | -0.80% | final price |
| Wheaton Precious Metals (WPM) | five days earlier | +7.62% | final price |
| Select Sector Spdr Tr (XLI) | three days earlier | -2.29% | final price |
| Select Sector Spdr Tr (XLI) | five days earlier | -1.66% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Gilbert Cisneros bought Wheaton Precious Metals (WPM), worth $1,001 - $15,000 on 26 Aug 2026. That is 70 days before publication. Filed 10 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought Newmont (NEM), worth $1,001 - $15,000 on 24 Aug 2026. That is 72 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Lisa McClain bought Caterpillar (CAT) (held by a spouse), worth $1,001 - $15,000 on 28 Sep 2026. That is 37 days before publication. Filed 12 Oct 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 carried with this story
- GLD Spdr Gold Trust
In “Higher Energy, Gold Exports Offset US Tariff Impact on Canada,” Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence. Reason on file: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
- GDX Vaneck Etf Trust
Vaneck Etf Trust (GDX) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Higher Energy, Gold Exports Offset US Tariff Impact on Canada.” Reason on file: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
- XLI Select Sector Spdr Tr
Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Higher Energy, Gold Exports Offset US Tariff Impact on Canada.” Reason on file: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
- EWC Ishares Msci Canada Etf
In “Higher Energy, Gold Exports Offset US Tariff Impact on Canada,” Ishares Msci Canada Etf (EWC) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”)
- AEM Agnico Eagle Mines
Agnico Eagle Mines (AEM) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Higher Energy, Gold Exports Offset US Tariff Impact on Canada.” Reason on file: Agnico Eagle Mines (gold and silver ores, with business in Canada): 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 4 Nov 2026 story “Higher Energy, Gold Exports Offset US Tariff Impact on Canada.” Reason on file: Wheaton Precious Metals (gold and silver ores, with business in Canada): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- NEM Newmont
For “Higher Energy, Gold Exports Offset US Tariff Impact on Canada,” Newmont (NEM) is linked, with no stored direction, medium confidence. Reason on file: Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- CAT Caterpillar
For “Higher Energy, Gold Exports Offset US Tariff Impact on Canada,” Caterpillar (CAT) is linked, with no stored direction, medium confidence. Reason on file: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
Spdr Gold Trust (GLD)
On 4 Nov 2026, “Higher Energy, Gold Exports Offset US Tariff Impact on Canada” is the story that connects Spdr Gold Trust (GLD) to this story.
For Spdr Gold Trust (GLD), the reason on file says SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
A second company, Vaneck Etf Trust (GDX), is listed for a different reason: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
Dates in the story, and the Spdr Gold Trust (GLD) price range
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. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 169.73.
A simple score for Spdr Gold Trust (GLD)
46 out of 100
“Higher Energy, Gold Exports Offset US Tariff Impact on Canada” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.