Gold after the 1974 midterm elections
After the 1974 midterm on 5 Nov 1974, gold was 22.0% lower twelve months later, from the November 1974 monthly average of $182 a troy ounce; the president's party, the Republicans, kept both chambers.
- Gold, Nov 1974
- $182
- +3 months
- -1.1%
- +6 months
- -8.2%
- +12 months
- -22.0%
- Silver +12 months
- -8.5%
In context
Gerald Ford (R) was president.
Three months after the election gold was 1.1% lower, and six months after 8.2% lower.
That year was 35.6 points below the average midterm year (+13.7%).
Silver did better than gold over the same twelve months, -8.5%.
Of the 13 midterms since 1974, the year after 1974 ranks 13th for gold.
Monthly average prices in U.S. dollars per troy ounce (Kitco.com and the World Bank Pink Sheet), from the last full month before a period to its last full month; the record runs Feb 1971 to Oct 2026. What the record did, not a forecast.
Updated Oct 2026 · record through Oct 2026