Deutsche Bank: When gold prices reach $5,790 per ounce, central banks' gold reserves will surpass their dollar reserves

PANews February 20th – A financial magazine article titled “When Will Central Banks Stop Hoarding Gold” points out that while the Federal Reserve is committed to maintaining stable interest rates, the Trump administration is pushing to lower rates, which keeps global interest rate and inflation trends uncertain. The World Gold Council’s latest data shows that the total foreign exchange reserves of central banks worldwide amount to approximately $13 trillion, with official gold holdings at 36,000 tons. At the current gold price of $5,500 per ounce, the value of the gold held by central banks is about $6.37 trillion. According to research by Deutsche Bank, when the gold price reaches $5,790 per ounce, central banks’ gold reserves will surpass their dollar reserves, at which point gold will become the world’s “main” reserve asset.