Deutsche Bank predicts gold could hit 8000 an ounce in five years amid central bank buying

Central banks are quietly shifting reserves away

Deutsche Bank is forecasting a bullish path for gold, saying prices could reach $8,000 per ounce within five years. The call is tied to central banks steadily adding to their gold reserves while diversifying away from the US dollar. Economic and geopolitical uncertainty is accelerating the shift, with emerging markets taking the lead in reserve rebalancing.