Gold's Share in Global Reserves Rises as Dollar Declines

According to PANews, a recent report by Deutsche Bank reveals that gold's proportion in the global 'foreign exchange and gold' reserves has increased to 30%, while the dollar's share has decreased from 43% to 40%. Deutsche Bank analysts suggest that for gold to match the dollar's share, its price would need to rise to approximately $5,790 per ounce, assuming current holdings remain unchanged.