Global Seasonal Analysis is a monthly report that displays and analyzes annual, quarterly and monthly seasonal trends for 17 global asset prices including equities, benchmark interest rates, foreign exchange, and key commodity prices based on historical data going back to the 1950s.
The following is an excerpt from this month’s report.
Gold Monthly Seasonal Pattern Since 1977
The green bar on the chart at lower left on the previous page shows that August is the 2nd seasonally strongest month of the year for gold prices based on data since 1977. It represents a strong one-month improvement over a weak July, the 5th weakest month, and leads into the strongest month of the year, September, before prices collapse in October, the 2nd weakest month.
The height of the green bar indicates that, on average since 1977, gold prices have risen by 1.99% in August. The red line shows that, also on average since 1977, gold prices have posted a positive August close 64% of the time which, along with September, is its highest incidence of a positive monthly close during this period.