August is a traditional period of strengthening for precious metals.
In the majority of cases, their quotes grow in the last month of summer.
This is probably linked to the tendency of the stock market to self-correct in August, and gold is listed among the key haven assets.
For traders who use seasonal factors in their trading systems, it is worth paying attention to this seasonal pattern.
This content is for informational purposes only and is not intended to be investing advice.
