“Investors often use seasonal patterns to find opportune entry and exit levels. This tends to hold true for gold on average, over time. Historical analysis suggests that after a statistically positive performance during January, gold returns tend to be mixed with no consistent pattern linked to seasonality but driven instead by underlying macroeconomic variables. That tends to change again towards the end of Q3 when various market forces align resulting in a historically strong period for gold.”
USAGOLD note: History shows that August is a good month to buy gold. A detailed rationale awaits you at the link.
Chart courtesy of World Gold Council • • • Click to enlarge