Summary
- It was reported that gold’s 30-day volatility exceeded 44%, marking the highest level since the 2008 global financial crisis.
- Over the same period, Bitcoin’s 30-day volatility was about 39%, and it was reported to be unusual for gold price volatility to surpass Bitcoin’s volatility.
- It was reported that as price volatility in gold—classified as a traditional safe-haven asset—has expanded, there are observations that the boundary between risk assets and safe-haven assets is becoming blurred.
Forecast Trend Report by Period
Gold price volatility has outpaced Bitcoin (BTC), reaching its highest level since the global financial crisis.
On the 3rd (local time), Unfolded, citing Bloomberg data, reported that gold’s 30-day volatility had exceeded 44%. This is the highest level since the 2008 global financial crisis.
Over the same period, Bitcoin’s 30-day volatility was tallied at about 39%. It is viewed as unusual for gold price volatility to exceed Bitcoin’s.
The market sees the volatility as having widened as profit-taking after the recent surge in gold prices overlapped with macroeconomic uncertainty. Analysts say the direction of major countries’ monetary policy, geopolitical risks, and fluctuations in the dollar’s value affected gold price volatility.
With the price volatility of gold—classified as a traditional safe-haven asset—expanding sharply, there are also observations that the boundary between risk assets and safe-haven assets is becoming blurred.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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