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Gold Seasonality

Historical month-by-month and year-by-year returns

Based on 27 calendar years of monthly closes, starting 2000.

By Month

MonthAverageMedian% PositiveBestWorst
January+2.5%+1.9%55%+16.3%6.1%
February+2.6%+3.0%68%+10.5%6.5%
March+0.9%0.2%50%+10.1%5.8%
April+0.9%+1.3%64%+12.0%9.4%
May+1.2%+1.0%59%+9.9%6.4%
June2.0%2.1%36%+8.0%12.1%
July+1.4%+2.2%68%+9.5%6.5%
August+2.1%+2.1%71%+12.3%9.3%
September+1.4%0.1%50%+10.7%11.4%
October+0.1%+0.7%50%+9.8%18.0%
November+1.7%+0.4%52%+13.9%7.9%
December+1.3%+2.1%73%+8.3%10.3%

By Calendar Year

YearReturn
2025+62.8%
2024+28.8%
2023+13.3%
20220.4%
20213.5%
2020+29.2%
2019+14.7%
20182.1%
2017+13.6%
2016+8.5%
20145.3%
201325.3%
2011+10.2%
2010+29.8%
2008+5.8%
2007+31.4%
2006+22.8%
2005+18.2%
2004+5.2%
2003+31.2%
2002+13.7%
2001+2.5%

These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.