In a recent Risk.net article, gold’s rally to record highs is described as notable not just for its scale, but for its calm. Despite a 43% year-to-date gain, volatility remains subdued as investors take a measured approach, waiting for dips rather than rushing in. As Brett Friedman, OptionMetrics Contributor, explains: “Investors are not rushing into out-of-the-money strikes as one might expect if a bubble were forming.” This discipline suggests today’s market strength is built on steadier foundations than in past surges.
Low-vol gold rush points to further upside
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