Quick Read iShares Gold Trust (IAU) charges a 0.25% annual expense ratio by selling small amounts of physical gold held in authorized vaults, making it more cost-efficient than SPDR Gold Trust (GLD) at 0.40%, though SPDR Gold MiniShares (GLDM) undercuts both at 0.10%. Gold’s next 12-month performance hinges on whether the Federal Reserve signals rate cuts to lower real yields, which would support gold as a non-yielding asset, while Treasury yields climbing toward the May 2025 peak of 4.58% would pressur ...