Gold rises, but so does its volatility episode artwork

EPISODE · Oct 21, 2025 · 13 MIN

Gold rises, but so does its volatility

from 🇬🇧 Stay ahead of the markets with Swissquote · host Insights, strategies, and innovations for smarter trading

Markets kicked off the week with a bang, Global indices rallied as investors brushed off trade war fears, shutdown risks and credit jitters. In the US, tech stocks led gains — even Amazon, despite its massive AWS outage, climbed higher. Apple hit fresh record highs on stronger-than-expected iPhone 17 sales, while in Europe, defense and chip stocks helped lift the Stoxx 600 near an all-time high. But amid the optimism, gold quietly flashed a warning: its price keeps rising… and so does its volatility. That’s not a combo you see every day. Could this be a sign of pressure building beneath the surface? Listen to find out more! Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.

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Gold rises, but so does its volatility

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