PANews, June 17 – According to Jinshi reports, asset management firm DWS stated in a report that gold prices have significant upside potential. DWS noted that gold has been weak this year, with prices falling notably from previous highs, and its year-to-date performance has now turned slightly negative. DWS added that over the next 12 months, market expectations for U.S. rate cuts, a potentially weaker U.S. dollar, and sustained strong gold demand from central banks will all provide support for rising gold prices. The firm expects gold prices to reach $5,400 per ounce by June 2027.