PANews reported on June 17th that, according to Jinshi, asset management firm DWS stated in a report that gold prices have significant upside potential. DWS pointed out that gold has performed weakly this year, with prices falling significantly from previous highs, and its year-to-date performance has now slightly turned negative. DWS added that over the next 12 months, market expectations of US interest rate cuts, a potential weakening dollar, and continued strong gold demand from central banks worldwide will all support rising gold prices. The firm predicts that gold prices will rise to $5,400 per ounce by June 2027.
