Gold (GC) February (G) contract study: year-by-year results, the day-by-day shape of the move and where highs and lows printed.
Contract Almanac · Gold (COMEX)
Every February gold contract 2011–2026, measured over its tenure as the lead contract · Typically leads Nov 28 – Jan 27
The February contract is gold’s best seat. It holds the board through the turn of the year, roughly Thanksgiving to late January, and it has finished higher in 12 of 16 tenures (75%) with a +4.1% average. More remarkable is the floor: its worst tenure in sixteen years lost 3.7%, the mildest worst-year of any contract we track in any market.
Each year is one contract, measured from the open of the day it took over the lead to the close of the day it handed off, the same roll convention used across all Traders Brief research. A gold contract holds the lead for roughly two months, and the December contract closer to four, so tenures run 40 to 90 trading days, far longer than an energy tenure — these are seats, not months, and the day counts read accordingly. All highs and lows are the contract’s own trades, marked by trading day of the tenure, not calendar day.