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. Despite the powerful run in gold and the heavy inflows into mining stocks, valuations across the sector remain surprisingly reasonable. The balance of strong price momentum paired with fair multiples should ease concerns for investors worried about buying near record highs. In fact, the combination of upward earnings revisions, strong technical setups, and supportive macro conditions makes these three names stand out as leaders in the space. The precious metal has been in the news lately, and many analysts are bullish on gold. In May, Goldman Sachs Research predicted gold would reach $3,700 a troy ounce by year-end 2025. That would equate to a 40% increase for the year, based on gold’s January 2 opening price of $2,633. Rising demand from central banks, along with uncertainty related to changing U.S. tariff policy, are the factors driving the increase. 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.