So much 'liquid gold' could hit the market that the world’s top producer is withholding output
Published . Updated .
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Spanish olive oil production is projected to jump 23% to 1.6 millions tons, marking the fourth-largest harvest ever.
Directly affected
- No company is named in this report.
Indirectly affected
- GLD SPDR Gold Shares-4.7% 30d
SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- GDX VanEck Gold Miners ETF-12.0% 30d
VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- DBA Invesco DB Agriculture Fund-6.1% 30d
Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “harvest” (grains and farm goods) in this story.
- EWP iShares MSCI Spain ETF-0.9% 6d
iShares MSCI Spain ETF holds stocks listed in Spain, which this story is about (“spanish”).
- ADM Archer-Daniels-Midland-15.0% 30d
Archer-Daniels-Midland (fats and oils): crop traders and farm suppliers move with grain prices and trade. Linked by “harvest” (grains and farm goods) in this story.
- BG Bunge Global-9.1% 30d
Bunge Global (fats and oils): crop traders and farm suppliers move with grain prices and trade. Linked by “harvest” (grains and farm goods) 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.
- AEM Agnico Eagle Mines-8.5% 30d
Agnico Eagle Mines (gold and silver ores): 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 | -2.94% | -0.03% | base | after close | after close | after close | after close |
| GDX | -9.60% | -3.44% | base | after close | after close | after close | after close |
| DBA | +2.60% | +1.24% | base | after close | after close | after close | after close |
| EWP | -1.23% | +2.08% | base | after close | after close | after close | after close |
| ADM | +8.25% | +1.20% | base | after close | after close | after close | after close |
| BG | -4.95% | -2.14% | base | after close | after close | after close | after close |
| NEM | -9.75% | -2.27% | base | after close | after close | after close | after close |
| AEM | -11.08% | -4.25% | 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.
So much 'liquid gold' could hit the market that the world’s top producer is withholding output Fortune
Source: Fortune
Spdr Gold Trust (GLD) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| ADM | three days earlier | +1.20% | final price |
| ADM | five days earlier | +8.25% | final price |
| Agnico Eagle Mines (AEM) | three days earlier | -4.25% | final price |
| Agnico Eagle Mines (AEM) | five days earlier | -11.08% | final price |
| BG | three days earlier | -2.14% | final price |
| BG | five days earlier | -4.95% | final price |
| DBA | three days earlier | +1.24% | final price |
| DBA | five days earlier | +2.60% | final price |
| EWP | three days earlier | +2.08% | final price |
| EWP | five days earlier | -1.23% | final price |
| Vaneck Etf Trust (GDX) | three days earlier | -3.44% | final price |
| Vaneck Etf Trust (GDX) | five days earlier | -9.60% | final price |
| Spdr Gold Trust (GLD) | three days earlier | -0.03% | final price |
| Spdr Gold Trust (GLD) | five days earlier | -2.94% | final price |
| Newmont (NEM) | three days earlier | -2.27% | final price |
| Newmont (NEM) | five days earlier | -9.75% | 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 76 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 74 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 carried with this story
- GLD Spdr Gold Trust
For “So much 'liquid gold' could hit the market that the world’s top producer is withholding output,” 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
In “So much 'liquid gold' could hit the market that the world’s top producer is withholding output,” 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 8 Nov 2026 story “So much 'liquid gold' could hit the market that the world’s top producer is withholding output.” 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 “So much 'liquid gold' could hit the market that the world’s top producer is withholding output,” 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
In “So much 'liquid gold' could hit the market that the world’s top producer is withholding output,” Wheaton Precious Metals (WPM) is linked, with no stored direction, medium confidence. 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
Gold.com (GOLD) is linked, with no stored direction, medium confidence in the 8 Nov 2026 story “So much 'liquid gold' could hit the market that the world’s top producer is withholding output.” 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)
The 8 Nov 2026 story “So much 'liquid gold' could hit the market that the world’s top producer is withholding output” names Spdr Gold Trust (GLD) because of this story.
What ties Spdr Gold Trust (GLD) to the headline is this: 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 and 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 394.14 across 17 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 107.45.
A simple score for Spdr Gold Trust (GLD)
46 out of 100
“So much 'liquid gold' could hit the market that the world’s top producer is withholding output” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.