Skip to main content

Does the price of gold follow a seasonal pattern?

November is the month when the price of gold is traditionally assumed to be boosted the most by a seasonal pick-up in demand. There does indeed appear to be a seasonal pattern in the gold price but, as the potential for arbitrage would suggest, the calendar effects are small. Significant price increases will have to rely on something less predictable than the annual approach of Christmas.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access