....interest in Gold trading appeared to have dried up somewhat since BTC cracked $100k.
....China is not going to use the megaphone to sound out their buying of more Gold; while the media does all US talking just about intent (not real action yet) to buy BTC.
...obviously traders trade on news and narratives, which are more abundant to support BTC.
Unprecedented collapse in gold volatility: 8 days with virtually no intraday moves as realized vol crashes to near record lows. A coiled spring, just waiting for a catalyst (China central bank resuming buying after 6 months break may be the trigger).