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 September is the seasonally strongest month of the year for gold prices based on data since 1977. However, it leads right into the 2nd weakest month of the year, October, before a modest seasonal rebound emerges in November and December.
The height of the green bar on the chart indicates that, on average since 1977, gold prices have risen by 2.24% in September. The red line shows that, also on average since 1977, gold prices have posted a positive September close 66% of the time, which is the highest incidence of a positive close for any month during this period.