Gold after GLD launches (18 Nov 2004)
After GLD launches on 18 Nov 2004, gold was 0.7% higher three months on and 13.6% higher twelve months on, measured from the Oct 2004 monthly average of $420 a troy ounce.
- Gold before
- $420
- Oct 2004
- Gold +3 months
- +0.7%
- Gold +12 months
- +13.6%
- Silver +12 months
- +11.3%
In context
The first US gold ETF (SPDR Gold Shares) opened gold to stock-market investors.
Over the same months silver was 1.4% lower three months on and 11.3% higher twelve months on.
Of the 29 market or central-bank moments on the chart with a full year after them, this ranks 14th for gold twelve months on.
The U.S. military operation before it on the chart: Iraq (19 Mar 2003).
The one after: Lehman collapses (15 Sep 2008).
Monthly average prices in U.S. dollars per troy ounce (Kitco.com and the World Bank Pink Sheet), from the last full month before a period to its last full month; the record runs Feb 1971 to Oct 2026. What the record did, not a forecast. Source: en.wikipedia.org.
Updated Oct 2026 · record through Oct 2026