Gold in February: Every February Since 1971
Gold has risen in 32 of 56 Februarys since 1971 (57%, against 55% for all months), with an average change of +1.4% and a median of +0.9%. Its best February was 1973 (+28.8%) and its worst 1983 (−18.2%). February ranks 3 of 12 by average change.
Gold in every February, 1971–2026
% change in the monthWhat happens in March after February
How often March rose after gold ended February higher or lower, compared with all months (55% rose).
After a higher February
InconclusiveAfter gold ends February higher, March has risen 50% of the time since 1971 (16 of 32), against 55% for all months, with an average change of −0.2% and a median of −0.1%: no meaningful pattern.
After a lower February
InconclusiveAfter gold ends February lower, March has risen 54% of the time since 1971 (13 of 24), against 55% for all months, with an average change of −0.2% and a median of +0.6%: no meaningful pattern.
"Momentum" or "rebound" only when the share differs from all months by at least 5 percentage points, with at least 20 cases, and by more than chance would explain (95% confidence); otherwise "inconclusive". With one month a year, most single-month differences are within chance. The same figures for every month together: gold seasonality.
Gold in February, Year by Year
Month-end close and the change in February, with March next to it.
| Year | Close, end of February | February | March after |
|---|---|---|---|
| 2026 | $5,248 | +10.6% | −11.4% |
| 2025 | $2,849 | +1.3% | +9.6% |
| 2024 | $2,055 | +0.3% | +7.9% |
| 2023 | $1,837 | −4.8% | +7.2% |
| 2022 | $1,901 | +5.9% | +2.6% |
| 2021 | $1,729 | −6.4% | −0.9% |
| 2020 | $1,564 | −1.2% | +1.2% |
| 2019 | $1,313 | −0.5% | −1.5% |
| 2018 | $1,316 | −1.8% | +0.6% |
| 2017 | $1,248 | +3.1% | +0.1% |
| 2016 | $1,234 | +10.6% | +0.1% |
| 2015 | $1,213 | −5.1% | −2.5% |
| 2014 | $1,322 | +6.6% | −2.9% |
| 2013 | $1,589 | −4.6% | +0.6% |
| 2012 | $1,770 | +1.5% | −6.1% |
| 2011 | $1,411 | +6.3% | +2.0% |
| 2010 | $1,108 | +2.8% | +0.7% |
| 2009 | $952 | +3.5% | −3.7% |
| 2008 | $972 | +5.2% | −3.9% |
| 2007 | $664 | +2.1% | −0.4% |
| 2006 | $556 | −2.2% | +4.7% |
| 2005 | $435 | +3.2% | −1.8% |
| 2004 | $396 | −1.0% | +7.0% |
| 2003 | $347 | −5.5% | −3.6% |
| 2002 | $297 | +5.2% | +1.5% |
| 2001 | $267 | +0.8% | −3.4% |
| 2000 | $294 | +3.7% | −5.8% |
| 1999 | $287 | +0.6% | −2.6% |
| 1998 | $297 | −2.4% | +1.2% |
| 1997 | $359 | +3.8% | −2.9% |
| 1996 | $401 | −1.2% | −1.1% |
| 1995 | $376 | +0.4% | +4.1% |
| 1994 | $382 | +1.0% | +2.0% |
| 1993 | $328 | −0.9% | +3.1% |
| 1992 | $353 | −0.3% | −3.2% |
| 1991 | $363 | −0.9% | −1.9% |
| 1990 | $408 | −1.8% | −9.6% |
| 1989 | $387 | −1.8% | −1.0% |
| 1988 | $426 | −7.0% | +7.2% |
| 1987 | $406 | +1.3% | +3.7% |
| 1986 | $338 | −3.5% | +1.7% |
| 1985 | $288 | −6.2% | +14.4% |
| 1984 | $394 | +5.5% | −1.5% |
| 1983 | $409 | −18.2% | +1.5% |
| 1982 | $363 | −6.3% | −11.7% |
| 1981 | $489 | −3.5% | +5.1% |
| 1980 | $637 | −2.5% | −22.4% |
| 1979 | $251 | +7.5% | −4.5% |
| 1978 | $182 | +3.7% | −0.4% |
| 1977 | $143 | +7.9% | +4.3% |
| 1976 | $132 | +3.2% | −2.0% |
| 1975 | $182 | +3.4% | −2.5% |
| 1974 | $163 | +22.6% | +6.5% |
| 1973 | $85.00 | +28.8% | +5.0% |
| 1972 | $48.20 | +2.2% | +0.4% |
| 1971 | $38.80 | +2.0% | +0.2% |
In the calendar in February
- Chinese New Year falls in February in most years.
- Valentine's Day (14 February) for jewellery.
- Canada's RRSP contribution deadline is the 60th day of the year (about 1 March): gold on every RRSP deadline
Events that fall in the month; they do not explain any single year's move.
Gold by Month
Gold in February: FAQ
Is February a good month for gold?
Gold has risen in 57% of Februarys since 1971 (32 of 56), against 55% for all months, with an average change of +1.4%. February ranks 3 of 12 months by average change. In the last 10 years it rose 5 times. Seasonal patterns are not a reliable guide to any single year.
What was gold's best February?
1973, when gold rose 28.8%. The worst was 1983 (−18.2%).
What happens to gold in March after a higher February?
After gold ends February higher, March has risen 50% of the time since 1971 (16 of 32), against 55% for all months, with an average change of −0.2% and a median of −0.1%: no meaningful pattern.
What happens to gold in March after a lower February?
After gold ends February lower, March has risen 54% of the time since 1971 (13 of 24), against 55% for all months, with an average change of −0.2% and a median of +0.6%: no meaningful pattern.
History, not advice: past monthly patterns do not predict any single month. Data to 26 October 2026.
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026goldinfebruaryevery, author = {{Corgano}}, title = {Gold in February: every February since 1971}, howpublished = {\url{https://goldprice.corgano.com/gold-in-february}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-27}}