Market strategists note that gold price forecast May 6 2025 is supported by a technical breakout above $2,300/oz, with RSI momentum still in neutral territory, suggesting room for upside if global bond yields soften. Physical demand from central banks is likely to stay strong. As the shutdown drags on and economic signals grow murkier, investors appear to be turning toward alternative assets like gold and crypto. Speaking to CoinDesk, XYO co-founder Markus Levin pointed out BTC’s price structure is “ showing a classic Elliott Wave completion within a rising wedge, a pattern that often signals consolidation before a decisive move.” Policies enacted by the Trump administration since the beginning of the year have led to a slowdown in global economic growth and have even raised the spectre of a recession as the tariffs threaten to reverse global central banks’ fight against inflation. 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.