Gold price forecast outlook for Q3 sees upward bias, supported by weaker PMI readings and increased equity market volatility. Traders recommend monitoring the $2,355 pivot point for trend confirmation. Royal Gold, Inc. has reached an agreement to acquire Sandstorm Gold Ltd. in a transaction valued at $3.3 billion. The merger, approved by both companies’ shareholders and boards, is anticipated to close in the fourth quarter of 2025. As a rule of thumb, every 100 tonnes of net purchases by these conviction holders corresponds to a 1.7% rise in the gold price. Current gold price forecast outlook ties price action to ongoing central bank accumulation, with official sector demand hitting 59 tonnes in the last quarter. Analysts foresee sustained momentum if Fed rate cuts materialize.