| September typically is a volatile month for stocks, and historically, one of the beneficiaries has been gold prices. In fact, during the past 20 years, gold has climbed more in September than during any other month. However, this year the seasonal effects of September could face some serious headwinds — specifically, from strength in the U.S. dollar.
Gold prices usually climb in September because, among other reasons, investors are looking for a safe haven for volatility. Gold prices have increased in value 75% of the time in September over the past 20 years, rising by an average of 2.9%. The largest improvement during that time was a whopping 17% climb in 1999 during the month...............................................Full Article: Source
|