If we compare the volatility of gold with other assets like fiat money, bitcoin or stocks...it is not wrong to say that gold is more stable.
People often say gold is stable, meaning it is not dumped and has little volatility due to factors such as inflation, economic crisis...Gold prices are stable but not fixed, we need to distinguish these two things are different.
Furthermore, volatility includes both increases and decreases but the term “volatility” is usually only used in cases where prices change sharply, suddenly and unpredictably.
Is gold more stable? Don't talk nonsense. It can fall in price just as much as other speculative instruments. What's especially dangerous is that it has incredibly strong volatility. Large amplitude fluctuations during the day. It takes out stop orders in no time.
I remember the moment when I was trading gold. So, it fell in price for almost 6 months in a row. This wiped out my entire deposit, which was more than 1k dollars. This really shook me. I didn't think that such a thing could happen.