Matrixport: Gold Outperforms Bitcoin, Surpassing by Approximately 80% Over the Past Year

According to Odaily, Matrixport released today's chart showing that gold prices continue to be strong, effectively breaking through the previous resistance range. As early as the summer of 2023, when gold prices approached the $2,000 mark again, we pointed out that breakout momentum was accumulating near this key level, and that the medium-term upward window was worth close attention.

With Trump and the US Department of Justice serving a grand jury subpoena to Federal Reserve Chairman Powell, market concerns about the independence of the Federal Reserve have further intensified. The loss of institutional credibility continues to provide structural support for gold and may accelerate the process of central banks around the world reducing their reliance on the US dollar and promoting diversification of foreign exchange reserves.

In a horizontal comparison, gold has outperformed bitcoin significantly: over the past year, it has outperformed by about 80%. Current momentum remains strong, the trend structure is still bullish, and trend-following strategies continue to have an advantage.