Gold has entered one of its historically favorable periods this year. Over the past 20 years, July has averaged a 1.5% rise, making it the second strongest month of the year in terms of performance. In 65% of July months, gold posted positive returns, the second highest success rate among all months. The best July performance in this period was in 2020, when gold rose 10.7%. August, the only month that historically outperformed July, has averaged a 1.6% gain since 2005 and recorded positive returns in 55% of years, with its best year in 2011 at 12.1%. In contrast, June has been the weakest month for gold, with an average decline of 0.4% since 2005 and positive returns in only 40% of years. Consequently, the seasonal market pattern is now shifting in favor of bullish gold traders.