Gold after the 1978 midterm elections
After the 1978 midterm on 7 Nov 1978, gold was 90.3% higher twelve months later, from the November 1978 monthly average of $206 a troy ounce; the president's party, the Democratics, kept both chambers.
- Gold, Nov 1978
- $206
- +3 months
- +19.4%
- +6 months
- +25.2%
- +12 months
- +90.3%
- Silver +12 months
- +183.1%
In context
Jimmy Carter (D) was president.
Three months after the election gold was 19.4% higher, and six months after 25.2% higher.
That year was 76.6 points above the average midterm year (+13.7%).
Silver did better than gold over the same twelve months, +183.1%.
Of the 13 midterms since 1974, the year after 1978 ranks 1st 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