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Deutsche Bank: Gold's share of global reserves rises to 30%

According to online reports, Deutsche Bank's latest report shows that the proportion of gold in the world's total "foreign exchange and gold" reserves has increased to 30%, while the proportion of the US dollar has dropped from 43% to 40% during the same period. Analysts at Deutsche Bank pointed out that if gold is to tie the US dollar in terms of share, the price of gold needs to rise to about US$5790 per ounce on the premise that the current position size remains unchanged.

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