Institutions: Gold Should Have Significant Upside Potential

CoinFeed, June 17 - According to Jinshi, asset management company DWS stated in a report that gold prices have enormous upside potential. DWS noted that gold has performed weakly this year, with prices significantly retreating from previous highs, and its year-to-date cumulative performance has now turned slightly negative. DWS added that over the next 12 months, market expectations for U.S. interest rate cuts, a potentially weaker dollar, and sustained strong gold demand from central banks will all provide support for rising gold prices. The institution expects gold prices to rise to $5,400 per ounce by June 2027.