Deutsche Bank: Gold's share in global reserves rises to 30%
Jinse Finance reported that the latest report from Deutsche Bank shows that the proportion of gold in global "foreign exchange and gold" total reserves has risen to 30%, while the share of the US dollar has dropped from 43% to 40% during the same period. Deutsche Bank analysts pointed out that if gold is to match the share of the US dollar, with the current holdings unchanged, the gold price would need to rise to approximately $5,790 per ounce.
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