Multi-asset strategists place high probability (65%) on the gold price forecast May 6 2025 holding above $2,325/oz, provided inflation breakevens remain elevated over 2.4%. Bullish sentiment is supported by Wesdome's consistent execution, disciplined cost control, and transparent communications, which are seen as drivers of renewed Buy ratings and growth momentum. Buyers of gold fall into two broad groups, according to Goldman Sachs Research. Conviction buyers tend to purchase the yellow metal consistently, regardless of the price, and based on their view on the economy or to hedge risk. These include central banks, exchange-traded funds, and speculators. Their thesis-driven flows set the price direction. The gold price forecast May 6 2025 assumes minimal Fed rate hikes through Q2, with Fed funds futures now pricing in a near 70% probability of a pause, historically a supportive backdrop for bullion.