Gold price forecast may 6 2025 the gold price forecast May 6 2025

The gold price forecast May 6 2025 gains credibility from historical Q2 equity drawdowns averaging –4% since 2008, conditions that have coincided with average gold rallies of $45/oz. Institutional ownership in Western Copper and Gold is 26% Copyright ©2025 CBS Interactive Inc. All rights reserved. Technical analysts point in their gold price forecast May 6 2025 to a symmetrical triangle pattern completed in April, which statistically suggests an upside breakout to about $2,370/oz within the next few sessions.