Gold after the 1982 midterm elections
After the 1982 midterm on 2 Nov 1982, gold was 8.0% lower twelve months later, from the November 1982 monthly average of $415 a troy ounce; the president's party, the Republicans, kept both chambers.
- Gold, Nov 1982
- $415
- +3 months
- +18.3%
- +6 months
- +5.5%
- +12 months
- -8.0%
- Silver +12 months
- -10.2%
In context
Ronald Reagan (R) was president.
Three months after the election gold was 18.3% higher, and six months after 5.5% higher.
That year was 21.6 points below the average midterm year (+13.7%).
Silver did worse than gold over the same twelve months, -10.2%.
Of the 13 midterms since 1974, the year after 1982 ranks 12th 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