Gold price forecast may 6 2025 investment banks’ commodity divisions

Investment banks’ commodity divisions estimate in their gold price forecast May 6 2025 that strong Asian buying during wedding seasons, coupled with ongoing inflationary pressures, could maintain prices near multi-month highs. Oct. 2, 8:30 a.m.: U.S. Jobless Claims initial (for week ended Sept. 27) Est. 223K, continuing (for week ended Sept. 20) Est. 1930K. The report has been delayed due to a federal government shutdown. We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. 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.