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Gold after the 2006 midterm elections

After the 2006 midterm on 7 Nov 2006, gold was 28.3% higher twelve months later, from the November 2006 monthly average of $628 a troy ounce; the president's party, the Republicans, lost the House and the Senate.

Gold, Nov 2006
$628
+3 months
+5.9%
+6 months
+6.2%
+12 months
+28.3%
Silver +12 months
+14.0%
W. Bush · R$586$754$922May 2006Feb 2008

In context

George W. Bush (R) was president.

Three months after the election gold was 5.9% higher, and six months after 6.2% higher.

That year was 14.7 points above the average midterm year (+13.7%).

Silver did worse than gold over the same twelve months, +14.0%.

Of the 13 midterms since 1974, the year after 2006 ranks 2nd 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.

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Updated Oct 2026 · record through Oct 2026