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Gold after the 2018 midterm elections

After the 2018 midterm on 6 Nov 2018, gold was 20.5% higher twelve months later, from the November 2018 monthly average of $1,221 a troy ounce; the president's party, the Republicans, lost the House.

Gold, Nov 2018
$1,221
+3 months
+8.1%
+6 months
+5.2%
+12 months
+20.5%
Silver +12 months
+19.4%
Trump I · R$1,198$1,398$1,597May 2018Feb 2020

In context

Donald Trump (R) was president.

Three months after the election gold was 8.1% higher, and six months after 5.2% higher.

That year was 6.8 points above the average midterm year (+13.7%).

Silver did worse than gold over the same twelve months, +19.4%.

Of the 13 midterms since 1974, the year after 2018 ranks 5th 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