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Gold after the 2014 midterm elections

After the 2014 midterm on 4 Nov 2014, gold was 7.6% lower twelve months later, from the November 2014 monthly average of $1,175 a troy ounce; the president's party, the Democratics, lost the Senate.

Gold, Nov 2014
$1,175
+3 months
+4.4%
+6 months
+2.0%
+12 months
-7.6%
Silver +12 months
-9.4%
Obama · D$1,076$1,194$1,311May 2014Feb 2016

In context

Barack Obama (D) was president.

Three months after the election gold was 4.4% higher, and six months after 2.0% higher.

That year was 21.2 points below the average midterm year (+13.7%).

Silver did worse than gold over the same twelve months, -9.4%.

Of the 13 midterms since 1974, the year after 2014 ranks 11th 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.

Open this in the chart

Updated Oct 2026 · record through Oct 2026