Gold Seasonality: Every Month Since 1971
Since 1971, gold has risen in 55% of months (365 of 669), with an average monthly change of +0.9%. Its strongest month on average has been January (+2.1%, up in 57% of years) and its weakest June (−0.2%). After a higher month, the next month rose 56% of the time; after a lower month, 53%.
Average change by calendar month, 1971–2026
hover for the median and how often it rose| Month | Rose | Average | Median |
|---|---|---|---|
| January | 32 of 5657% | +2.1% | +1.9% |
| February | 32 of 5657% | +1.4% | +0.9% |
| March | 29 of 5652% | −0.2% | +0.1% |
| April | 29 of 5652% | +0.7% | +0.5% |
| May | 29 of 5652% | +1.0% | +0.1% |
| June | 27 of 5648% | −0.2% | −0.5% |
| July | 32 of 5657% | +0.8% | +0.8% |
| August | 33 of 5659% | +1.0% | +0.6% |
| September | 31 of 5655% | +1.5% | +1.1% |
| October −3.5% so far | 27 of 5549% | +0.2% | −0.2% |
| November | 33 of 5560% | +1.0% | +0.7% |
| December | 31 of 5556% | +1.1% | +0.4% |
What Happens the Month After Gold Rises or Falls?
All months since 1971: how often the next month rose after a higher or a lower month, against 55% for all months.
After a higher month
InconclusiveAfter gold ends a month higher, the next month has risen 56% of the time since 1971 (204 of 365), against 55% for all months, with an average change of +1.3% and a median of +0.7%: no meaningful pattern.
After a lower month
InconclusiveAfter gold ends a month lower, the next month has risen 53% of the time since 1971 (160 of 301), against 55% for all months, with an average change of +0.3% and a median of +0.3%: no meaningful pattern.
After the biggest months
the largest fifth of rises and of falls| After a month | Cases | Next month rose | Average next month | Verdict |
|---|---|---|---|---|
| Up 6.8% or more | 73 | 56% | +1.6% | Inconclusive |
| Down 5.5% or more | 60 | 57% | +2.0% | Inconclusive |
"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". Each month's page has the same figures for that month alone.
Gold Seasonality FAQ
What is the best month for gold?
By average change since 1971, January (+2.1%). The month that rose most often is November (60% of years). The weakest on average is June (−0.2%). Seasonal averages are small next to the swings in any single year.
Does gold keep rising after a strong month?
After gold ends a month higher, the next month has risen 56% of the time since 1971 (204 of 365), against 55% for all months, with an average change of +1.3% and a median of +0.7%: no meaningful pattern.
Does gold rebound after a weak month?
After gold ends a month lower, the next month has risen 53% of the time since 1971 (160 of 301), against 55% for all months, with an average change of +0.3% and a median of +0.3%: 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{corgano2026goldseasonalityeverymonth, author = {{Corgano}}, title = {Gold seasonality: every month since 1971}, howpublished = {\url{https://goldprice.corgano.com/gold-seasonality}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-27}}