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. Competition in the gold royalty sector is also flagged as a potential headwind, possibly making it more difficult for the company to secure new high-quality deals at favorable terms. The price of gold is forecast by Goldman Sachs Research to rise 6% through the middle of 2026 (as of September 24), underpinned by fresh demand from key groups of buyers who have contributed to a series of record highs for the yellow metal. The precious metal has risen more than 40% in 2025 and is on pace for its third-straight year of double-digits gains. According to futures market open interest data, the gold price forecast May 6 2025 shows positioning largely net-long. This suggests traders are bracing for prices pushing toward $2,360/oz, especially if volatility indices spike.