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 Yearly Seasonal Pattern Since 1977
The green bar on the chart below shows that September is the 2nd seasonally strongest month of the year for gold prices, based on data since 1977. It represents the end of a two-month seasonal spike in gold prices, and leads into a sharp collapse in October, the 2nd weakest month, before more seasonal strength emerges in December and January.
The height of the green bar indicates that, on average since 1977, gold prices have risen by 1.94% in September. The red line plots the monthly closing levels in gold prices thus far in 2019, showing a close adherence to their long term seasonal trend.