Gold’s surge draws ETF investors, but unexpected taxes may apply. Here’s what you need to know

Gold has been on a blistering run, and ETF investors are rushing to grab a piece. The metal has skyrocketed nearly 60% in the past year, climbing from $2,638 to more than $4,200 per ounce (1), far outpacing the S&P 500’s roughly 13% gain. (2) With central banks hoarding bullion, retail investors flooding in, and analysts projecting gold could hit $5,000 by 2026, the frenzy is only intensifying. (3) For anyone watching the rally from the sidelines, gold ETFs look like the easiest on-ramp. They trade lik ...