Gold June (M) Contract

Gold (GC) June (M) contract study: year-by-year results, the day-by-day shape of the move and where highs and lows printed.

Contract Almanac · Gold (COMEX)

The June Contract (GCM): A 16-Year Study

Every June gold contract 2011–2026, measured over its tenure as the lead contract · Typically leads Mar 29 – May 27

The June contract holds gold from late March to late May, the calendar’s soft middle, and its file is the board’s weakest: 7 of 16 higher, a slightly red median, and no tenure in sixteen years gaining more than 9.7%. Gold’s spring has been where neither bulls nor bears get paid enough to brag.

How this study is measured

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.

Record
7 / 9
44% finished higher
Avg change
+0.1%
median −0.7%
Avg best point
+5.9%
peak vs tenure open
Avg worst point
−4.2%
trough vs tenure open

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