Deutsche Bank: When gold price reaches $5,790/oz, gold reserves will surpass US dollar reserves

Research by Deutsche Bank shows that when the gold price reaches $5,790 per ounce, the value of central banks' gold reserves will surpass that of their US dollar reserves, and gold may become the world's "primary" reserve asset. According to the latest data from the World Gold Council, central banks currently hold about $13 trillions in foreign exchange reserves and 36,000 tons of official gold holdings. At the current gold price of $5,500 per ounce, the value of gold reserves is approximately $6.37 trillions.