"In 2026, gold prices surged past $5,000 per ounce and held those levels for much of March before pulling back toward $4,500. Unsurprisingly, it's been a strong environment for gold-backed ETFs."
"GLD holds physical gold bullion. It sits in a vault, and each share represents fractional ownership of that gold. Your returns are almost entirely driven by the spot price of gold, minus fees."
"GDX and GDXJ, on the other hand, don't hold any gold at all. They own shares of companies involved in gold mining, which can lead to significantly higher returns but also increased risk."
In March 2026, the SPDR Gold Shares ETF (GLD) reached $180 billion in assets, driven by $15 billion in net inflows. Concerns about the U.S. dollar's purchasing power and geopolitical tensions have increased demand for gold. Gold prices exceeded $5,000 per ounce, with GLD delivering an 83.53% return over the past year. However, gold mining ETFs like VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ) outperformed GLD, returning 192.31% and 225.3%, respectively, due to different underlying structures and market dynamics.
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