Gold seasonality The final chart shows average monthly returns by calendar month for spot gold, XAU, HUI and GLD over their respective available sample periods. The most apparent consistencies are:
- Strength in January, February, August, September and November.
- Weakness in March, June, July and October.
https://www.cxoadvisory.com/calendar-effects/any-seasonality-for-gold-or-gold-miners/
So above it says the gold sector is usually weak in July and picks up in August and Sept.
Watch out for Oct though.