The average January path bottoms around day 4 and peaks around day 30
The average path’s low is −0.24% from the start and its high is +3.36%. Over the whole month the average path ends 2.43% above its first close.
What gold usually does in January, drawn from every January since 2001
The chart opens on the latest January. Choose any year to see how gold moved day by day against the average path.
Gold seasonality GC=F
Indexed to 100 on the first trading day
Hover over the chart
Price –
Natural Cycle –
Average –
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Lines
The Average and Natural Cycle lines are stretched to the high and low of the bars, so their turns line up with the price. Their height shows shape only.
Every January in the record
- Average path, start to end
- +2.43%
- Average path low
- Day 4
- Average path high
- Day 30
- Best January
- +9.60% in 2026
- Worst January
- −6.24% in 2011
Each month is indexed to 100 at the close of its first trading day. Prices are the daily closes of COMEX gold futures (GC=F). The Natural Cycle is our own model. Education, not financial advice.
January is one month. Forecaster members see gold’s curve for all twelve
The gold line on this chart is our Natural Cycle model. The Forecaster gives you the full-year curve for gold, the Dow, the S&P 500 and the Nasdaq, drawn for every day of every month, with a monthly edition that checks each curve against the market.
AUD $1,397a year, open until 31 Marcha year, opens on 1 November
After gold’s seasons comes Mercury retrograde, tested against the stock market in our next free tool
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