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Deutsche Bank Research Institute: Gold price could rise to $8,000 over the next five years.
Deutsche Bank predicts gold could reach $8,000 per ounce within five years, a 77% increase.
KEY POINTS
- The share of gold in global central bank reserves has doubled to nearly 30% in four years.
- US dollar reserves in central banks have declined from 60% at peak to just 40% now.
- In Eastern Europe, over half of Czechia and Poland's gold was acquired post-Ukraine invasion.
- Gold now surpasses the euro as a central bank reserve asset, accounting for 20% versus 16%.
COMPANIES
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