Oksana Koneva

Gold volatility surpasses S&P 500 by 2.1 times, Mike McGlone notes

Gold volatility surpasses S&P 500 by 2.1 times, Mike McGlone notes
Gold volatility exceeds S&P 500 level

Gold's annual volatility is currently about 2.1 times that of the S&P 500, according to Mike McGlone. He stated this is the highest level since before the Great Recession.

McGlone also noted that the first year of President Donald Trump's second term in 2025 contributed to record rallies in gold and silver, marking the fastest rallies ever during that period.

McGlone previously noted that the start of October could mark the beginning of a recovery in market volatility. He has also highlighted significant price swings, such as when U.S. natural gas futures rose 100% in the first quarter and then declined by about 20% through November 2026 in a recent commodities update. These observations provide context for his current views on gold’s elevated volatility.

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