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 barely visible green bar on the chart at lower left on the previous page identifies July as the 6th seasonally strongest month of the year for gold prices since 1977. It represents a modest one-month seasonal improvement over June, the 3rd weakest month, and leads into the two strongest months of the year in August and September.
The height of the green bar on the chart indicates that, on average since 1977, gold prices have risen by 0.50% in July. The red line plots gold’s monthly closing prices thus far in 2015, and shows that they have closely tracked their long term seasonal trend thus far this year.