Bisnis.com, JAKARTA – Gold’s price volatility has overtaken Bitcoin after tumbling more than 20% last week, underscoring how the precious metal’s once-explosive rally has morphed into extreme price swings, the most severe in two decades.

Bloomberg data as of Monday (2/2/2026) show that gold’s 30-day volatility has surged past 44%, the highest level since the 2008 global financial crisis. The figure eclipses Bitcoin’s volatility of around 39%, despite the cryptocurrency’s frequent portrayal as “digital gold.”

Bisnis.com, JAKARTA — Goldman Sachs Group Inc. lifted its year-end gold price outlook by more than 10%, citing sustained diversification into bullion by private investors on top of already-robust demand from central banks and exchange-traded funds.

Citing Bloomberg on Friday (1/23/2026), The US investment bank raised its December 2026 gold price target to US$5,400 per ounce, up from a previous estimate of US$4,900, according to a note dated Jan. 21 by analysts including Daan Struyven and Lina Thomas.

Bisnis.com, JAKARTA — Global investment heavyweights are increasingly aligned in their bullish outlook on gold, with a convergence of macroeconomic, monetary, and geopolitical factors reinforcing expectations for further gains through 2026.

BlackRock Inc. recently reiterated its optimistic stance on gold’s forward prospects, with the precious metal poised to gain further luster amid a confluence of supportive factors.