TechFlow News: On January 27, Matrixport released its daily analysis stating that gold prices continue to rise, primarily driven by renewed concerns over weakening U.S. dollar purchasing power—especially following Trump’s push to impose tariffs on Europe. Central banks worldwide continue to increase their gold holdings, with the People’s Bank of China’s pace of accumulation drawing particular market attention and providing sustained support for gold prices. Meanwhile, discussions about foreign central banks potentially reducing U.S. Treasury holdings in favor of gold are growing.
In contrast, Bitcoin’s role within central bank reserve diversification strategies remains relatively weak. For policymakers, gold remains the more mainstream asset aligned with existing reserve management frameworks, whereas Bitcoin has yet to be widely adopted within official foreign exchange reserve frameworks. This divergence may explain the recent strength in gold versus Bitcoin’s relative weakness.
