Seasonality
GLD seasonality — SPDR Gold Shares
Over the last 11 years, GLD's strongest month on average has been January (+3.5%) and its weakest June (-1.7%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +3.45% | +3.87% | 70% | +12.3% | -3.2% | 10 |
| Feb | +0.54% | -0.08% | 50% | +8.7% | -6.3% | 10 |
| Mar | +1.35% | +0.20% | 50% | +9.4% | -11.1% | 10 |
| Apr | +1.66% | +1.29% | 60% | +7.3% | -2.1% | 10 |
| May | +0.61% | -0.09% | 40% | +7.7% | -3.3% | 10 |
| Jun | -1.74% | -1.86% | 30% | +8.0% | -11.7% | 10 |
| Jul | +1.87% | +1.57% | 70% | +10.8% | -2.6% | 10 |
| Aug | +2.24% | +1.01% | 50% | +9.9% | -2.9% | 10 |
| Sep | -1.24% | -3.30% | 20% | +11.8% | -6.8% | 10 |
| Oct | +1.18% | +1.80% | 60% | +7.4% | -6.6% | 10 |
| Nov | +0.52% | +0.34% | 56% | +8.5% | -5.4% | 9 |
| Dec | +2.41% | +2.55% | 80% | +7.0% | -1.9% | 10 |
Monthly returns heat map — GLD
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.3 | 8.7 | -11.1 | -1.5 | -1.5 | -11.7 | 0.9 | 9.9 | -6.8 | -6.6 | 6.7 | -4.2% | |
| 2025 | 6.8 | 1.8 | 9.4 | 5.4 | -0.1 | 0.4 | -0.6 | 5.0 | 11.8 | 3.6 | 5.4 | 2.2 | +63.7% |
| 2024 | -1.4 | 0.5 | 8.7 | 3.0 | 1.6 | -0.1 | 5.4 | 2.1 | 5.1 | 4.3 | -3.1 | -1.4 | +26.7% |
| 2023 | 5.8 | -5.4 | 7.9 | 0.9 | -1.3 | -2.2 | 2.3 | -1.3 | -4.8 | 7.4 | 2.5 | 1.3 | +12.7% |
| 2022 | -1.7 | 6.1 | 1.3 | -2.1 | -3.3 | -1.6 | -2.6 | -2.9 | -2.9 | -1.8 | 8.5 | 2.9 | -0.8% |
| 2021 | -3.2 | -6.3 | -1.1 | 3.6 | 7.7 | -7.2 | 2.5 | -0.1 | -3.2 | 1.5 | -0.7 | 3.3 | -4.2% |
| 2020 | 4.5 | -0.6 | -0.2 | 7.3 | 2.6 | 2.7 | 10.8 | -0.3 | -4.2 | -0.5 | -5.4 | 7.0 | +24.8% |
| 2019 | 2.9 | -0.6 | -1.6 | -0.7 | 1.8 | 8.0 | 0.0 | 7.9 | -3.4 | 2.6 | -3.2 | 3.7 | +17.9% |
| 2018 | 3.2 | -2.1 | 0.6 | -0.9 | -1.2 | -3.6 | -2.2 | -2.1 | -0.7 | 2.1 | 0.3 | 4.9 | -1.9% |
| 2017 | 5.4 | 3.2 | -0.4 | 1.7 | -0.1 | -2.2 | 2.3 | 4.2 | -3.4 | -0.8 | 0.4 | 2.1 | +12.8% |
| 2016 | -1.9 |