Gold price forecast may 9 2025 quantitative models evaluating gold

Quantitative models evaluating gold price forecast May 9 2025 factor in correlations with real interest rates, with current readings near -1.2% supporting sustained upward pressure on bullion. 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. Volatility was the story through the end of April and into May, with silver fluctuating between a low of US$32.05 on May 2 and a high of US$33.46 on May 23. Lower South African output due to energy disruptions tightens supply, historically linked with price spikes above $2,