Institution: Gold should have significant upside potential

Golden Ten Data reported on June 17 that the asset management company DWS stated in a report that gold prices have significant upside potential. DWS pointed out that gold has performed weakly so far this year, with prices falling noticeably from previous highs, and its performance for the year has slightly turned negative. DWS added that over the next 12 months, market expectations of US interest rate cuts, a potentially weaker US dollar, and continued strong demand for gold from central banks worldwide will provide support for gold price increases. The institution expects that by June 2027, gold prices will rise to $5,400 per ounce.