Gold in November: seasonality and history
Since 2000, gold has risen in November in 58% of years (15 of 26), with an average return of +1.33% and a median of +0.57%. That makes November its #4 month of 12.
Average+1.33%
Years up58%
Best year2008 · +13.87%
Worst year2016 · −7.92%
The seasonal path through November
Cumulative sum of each day's average return through November, all years since 2000.
| Strongest days | Avg | Up |
|---|---|---|
| Nov 4 | +0.56% | 50% |
| Nov 14 | +0.40% | 60% |
| Nov 21 | +0.39% | 65% |
| Weakest days | Avg | Up |
|---|---|---|
| Nov 27 | −0.28% | 36% |
| Nov 25 | −0.25% | 36% |
| Nov 15 | −0.24% | 37% |
Seasonal trend windows touching November
- ▲ Bullish Nov 1 – Nov 10 · 10 days · seasonal Σ +1.28%
- ▲ Bullish Nov 28 – Dec 3 · 6 days · seasonal Σ +1.53%
November in recent years
| Year | Gold in November |
|---|---|
| 2025 | +6.47% |
| 2024 | −3.36% |
| 2023 | +2.20% |
| 2022 | +6.42% |
| 2021 | −0.58% |
| 2020 | −5.54% |
| 2019 | −3.03% |
| 2018 | +0.65% |
| 2017 | +0.49% |
| 2016 | −7.92% |
Questions
Is November a good month for gold?
On average, yes: +1.33% since 2000, rising in 58% of years. But the range is wide, from −7.92% in 2016 to +13.87% in 2008, so an average is a tendency, not a forecast.
What are the strongest days in November?
Nov 4 (+0.56%, up 50% of years), Nov 14 (+0.40%, up 60% of years), Nov 21 (+0.39%, up 65% of years).