Can gold gain through August?

On average gold has gained 1.87% through the month of August. The months of July and August tend to be strong for gold seasonally and the appeal of gold could be set to grow further over the coming months.

Gold has been billed as an inflation hedge and if yields move lower with the USD then that can provide support for gold. Gold traders will be looking carefully at Fed policy, US economic data, and inflation expectations over the coming weeks to gauge gold’s directional bias, but remember that gold has a seasonal bias for upside.  

Major Trade Risks: 
The main risk here would be that seasonal patterns do not always repeat themselves and if US rate expectations signal an even higher rate that could be a natural headwind for gold.  

Remember don’t just trade it, Seasonax it!