In American poet W. S. Merwin’s poem “To the Light of September,” the speaker calls the ninth month “still summer,” yet with a “glint of bronze in the chill mornings.”
I agree—to an extent. Here in San Antonio, Texas, home of U.S. Global Investors, we’re most definitely still in the summer season. But in the investing world, when we talk about September, there’s a glint not of bronze but another precious metal: gold.
That’s because September is historically gold’s best-performing month of the year, returning 2.16% on average since 1969.
I invite you to compare the chart above, updated to reflect the most recent monthly returns, to the one published this time last year.