What happened to the price after the launch of the gold ETF? (A lesson for HODLERs)

The gold ETF was launched on November 18, 2004. At that time, the spot price of gold was $444.30/ounce.

24 hours after the launch of the gold ETF... the gold price fell. ($443.70/ounce)

24 days after the launch of the gold ETF... still falling. ($436.95/ounce)

24 weeks after the launch of the gold ETF... even lower. ($430.50/ounce)

24 months after the launch of the gold ETF... the spot price of gold was $624.00/ounce.

For those wondering why BTC is following the decline and not the rise at the moment...

1. Relax

2. Zoom in and take a look at $BTC $ETH $SOL #达沃斯世界经济论坛2026 #特朗普取消对欧关税威胁 #下任美联储主席会是谁？