Gold is back in season

Share

• Copy link
• Facebook
• X
• Linkedin
• Whatsapp
• Pinterest

Share this article

Join the conversation

Follow us

Add us as a preferred source on Google

Newsletter

Get the MoneyWeek Newsletter

Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.

Contact me with news and offers from other Future brands Receive email from us on behalf of our trusted partners or sponsors

---

By submitting your information you agree to the Terms & Conditions and Privacy Policy and are aged 16 or over.

You are now subscribed

Your newsletter sign-up was successful

---

Want to add more newsletters?

Twice daily

MoneyWeek

Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.

Signup +

Four times a week

Look After My Bills

Sign up to our free money-saving newsletter, filled with the latest news and expert advice to help you find the best tips and deals for managing your bills. Start saving today!

Signup +

---

An account already exists for this email address, please log in.

Subscribe to our newsletter

Gold investors "should really like August and September", says David Yoe Williams on TheStreet.com. At this time of year the price often gets a boost as demand for the metal picks up. Jewellery becomes more popular as people begin to prepare for India's wedding season, while Christmas and Diwali also take place towards the end of the year.

China's New Year celebrations then follow early in January or February. Around two-thirds of annual gold production is used for jewellery, and Asia accounts for 70% of jewellery demand.

Gold tends to do well throughout this half-year. A study by Seasonax, the analytics and charting group, shows that over the last 20 years the gold price gained an average of 8.6% between 6 July and 24 February of the following year; over the rest of the year it struggles.

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

This statistic is an interesting reminder that gold is a commodity as well as a store of value.But chasing seasonal patterns for quick profits is never wise. Investors should continue to hold 5%-10% of their portfolio in the yellow metal as insurance against financial crises and a return of inflation.