Will Gold’s Tailwinds Be Enough to Overcome September Curse?
- Since 2017, bullion fell by average of 3.2% in September
- Traders may buy gold in summer to de-risk while on holiday
A gold store at the Grand Bazaar in Istanbul.
Photographer: Nicole Tung/BloombergThis article is for subscribers only.
Gold investors returning from their summer holidays will be eager to see whether the precious metal can sustain its record-breaking rally, or if it will succumb to the curse of September.
Bullion has dropped every September since 2017. Over that period, the average decline has been 3.2% in September – easily the worst month of the year, and far below the monthly average gain of 1%.