Deutsche Bank Report Reveals Rising Gold Reserve Share

A recent report by Deutsche Bank highlights a significant shift in global financial reserves, with gold’s share climbing to 30%, while the US dollar’s share has decreased to 40%. This trend could lead to increased demand for gold as a safe haven asset and potentially influence market dynamics. The report reveals that for gold to match the US dollar in reserve share without changes in holdings, prices would need to reach approximately $5,790 per ounce.