World Gold Council – You Asked, We Answered: Is Gold’s Appeal Fading on Rising Vol?

This report analyzes gold's volatility in 2025 relative to other assets and assesses whether gold's appeal as a portfolio diversifier is diminishing amid rising market volatility.

Key findings include that gold’s volatility increased in 2025 but remains broadly in line with long-term averages, the volatility increase is comparable to other growth assets, and gold continues to reduce overall portfolio risk despite rising correlations between bonds and equities.