Gold in September: seasonality and history
Since 2000, gold has risen in September in 48% of years (13 of 27), with an average return of +0.43% and a median of −0.73%. That makes September its #8 month of 12.
Average+0.43%
Years up48%
Best year2007 · +10.37%
Worst year2011 · −11.38%
The seasonal path through September
Cumulative sum of each day's average return through September, all years since 2000.
| Strongest days | Avg | Up |
|---|---|---|
| Sep 3 | +0.53% | 60% |
| Sep 22 | +0.48% | 68% |
| Sep 17 | +0.42% | 42% |
| Weakest days | Avg | Up |
|---|---|---|
| Sep 23 | −0.59% | 42% |
| Sep 10 | −0.43% | 32% |
| Sep 26 | −0.33% | 40% |
Seasonal trend windows touching September
- ▲ Bullish Aug 26 – Sep 6 · 12 days · seasonal Σ +1.92%
- ▼ Bearish Sep 7 – Sep 13 · 7 days · seasonal Σ −1.15%
- ▲ Bullish Sep 14 – Sep 22 · 9 days · seasonal Σ +2.21%
- ▼ Bearish Sep 23 – Oct 4 · 12 days · seasonal Σ −1.55%
September in recent years
| Year | Gold in September |
|---|---|
| 2026 | −6.58% |
| 2025 | +10.16% |
| 2024 | +5.21% |
| 2023 | −5.08% |
| 2022 | −3.14% |
| 2021 | −3.36% |
| 2020 | −4.20% |
| 2019 | −3.52% |
| 2018 | −0.73% |
| 2017 | −2.64% |
Questions
Is September a good month for gold?
On average, yes: +0.43% since 2000, rising in 48% of years. But the range is wide, from −11.38% in 2011 to +10.37% in 2007, so an average is a tendency, not a forecast.
What are the strongest days in September?
Sep 3 (+0.53%, up 60% of years), Sep 22 (+0.48%, up 68% of years), Sep 17 (+0.42%, up 42% of years).