Gold buying tends to increase in August due to several factors that influence demand August marks the beginning of the wedding season in India, one of the largest consumers of gold. Indian jewelers and households buy gold in preparation for weddings and festivals, which drives up demand. Following August, the festival season in India includes significant holidays like Diwali, during which gold is traditionally purchased. Preparations for these festivals start early, contributing to increased gold buying in August. Furthermore, Investors often reassess their portfolios during the summer. As August is a quieter month for financial markets, investors may turn to gold as a safe haven, especially in times of economic uncertainty or geopolitical tension. Historical trends and technical analysis can also influence buying patterns for gold. As gold prices have shown a seasonal increase in August in previous years traders anticipate this and buy in expectations of rising prices.
Over the last 25 years gold has gained on average 1.52% from August 01 through to August 31. The largest gain was over 12% in 2011 and 2019 saw 9% gains.
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The two strongest months for gold are August and January, so remember to always give your attention to gold over the summer months.
Disclaimer: Past results and past seasonal patterns are no indication of future performance, in particular, future market trends. seasonax GmbH neither recommends nor approves of any particular ...
Disclaimer: Past results and past seasonal patterns are no indication of future performance, in particular, future market trends. seasonax GmbH neither recommends nor approves of any particular financial instrument, group of securities, segment of industry, analysis interval or any particular idea, approach, strategy or attitude nor provides consulting nor brokerage nor asset management services. seasonax GmbH hereby excludes any explicit or implied trading recommendation, in particular, any promise, implication or guarantee that profits are earned and losses excluded, provided, however, that in case of doubt, these terms shall be interpreted in abroad sense. Any information provided by seasonax GmbH or on this website or any other kind of data media shall not be construed as any kind of guarantee, warranty or representation, in particular as set forth in a prospectus. Any user is solely responsible for the results or the trading strategy that is created, developed or applied. Indicators, trading strategies and functions provided by seasonax GmbH or on this website or any other kind of data media may contain logical or other errors leading to unexpected results, faulty trading signals and/or substantial losses. seasonax GmbH neither warrants nor guarantees the accuracy, completeness, quality, adequacy or content of the information provided by it or on this website or any other kind of data media. Any user is obligated to comply with any applicable capital market rules of the applicable jurisdiction. All published content and images on this website or any other kind of data media are protected by copyright. Any duplication, processing, distribution or any form of utilisation beyond the scope of copyright law shall require the prior written consent of the author or authors in question. Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.
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