Gold price volatility hits highest level since the global financial crisis…more turbulent than Bitcoin

Gold prices in international markets have recently been swinging sharply, showing greater volatility than Bitcoin (BTC).

On the 2nd (Korea time), Bloomberg, citing its own data, reported that gold’s price volatility over the past 30 days exceeded 44%, topping Bitcoin’s roughly 39%. Gold’s volatility has surpassed Bitcoin’s only twice since Bitcoin emerged.

Gold has traditionally been viewed as a stable store of value, but after a recent rapid price rise it has entered a corrective phase, repeatedly posting large gains and losses. In fact, after surging to about $5,600 per ounce last week, gold tumbled 10% in a single day this week, sliding to around the $4,400 level. This marks the steepest drop in more than 10 years.

However, in terms of returns, gold still holds the upper hand. Over the past year, gold prices have risen about 66%, while Bitcoin fell 21% over the same period.