Gold Could Hit $8,000 on De-Dollarization, Forecasts Deutsche Bank
Major economies such as China, Russia, India, and Turkey continue to lead gold accumulation.
SEATTLE (Scrap Monster): Gold prices could surge dramatically in the coming years as global reserve strategies shift away from the U.S. dollar, according to a new outlook from Deutsche Bank. The bank suggests that increasing geopolitical fragmentation and sanctions risks are accelerating the trend of central banks boosting gold holdings.
In a recent note, Deutsche Bank indicated that monetary authorities—particularly in emerging markets—are turning to gold as a safeguard against financial instability and Western policy risks. Since the 2008 financial crisis, central banks have collectively added more than 225 million ounces of gold to their reserves, while the share of U.S. dollar holdings has declined sharply.
Major economies such as China, Russia, India, and Turkey continue to lead gold accumulation. However, demand is broadening to include nations like Kazakhstan, Saudi Arabia, Qatar, Egypt, and the United Arab Emirates.
The bank estimates that if gold’s share of global reserves climbs from roughly 30% to 40%, prices could approach $8,000 per ounce within five years—representing a significant upside from current levels. Although this projection is based on scenario modeling rather than a formal forecast, it underscores the growing importance of gold in a de-dollarizing world.
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