Xauusd price forecast may 2025 bloomberg survey respondents see a 65%

Bloomberg survey respondents see a 65% probability of gold outperforming commodities index returns in Q2 2025, backing a firm "XAUUSD price forecast May 2025" outlook. The August jobs report , which is due to be released Friday morning, will likely drive short-term sentiment in the precious metal. Investors will be looking for confirmation in the numbers of trends that would make it even more likely the Fed will cut its benchmark rate. A 41.3% jump in imports played a big role in slowing the economy, as businesses and consumers stocked up on goods ahead of higher costs from new tariffs announced by the Trump administration. Consumer spending grew just 1.8%, its slowest pace since mid-2023, and federal government spending fell by 5.1%, the biggest drop since early 2022. However, fixed investment rose by 7.8%, the largest increase since mid-2023. Seasonal patterns historically show gold performing well in May due to heightened wedding season buying in Asia, strengthening "XAUUSD price forecast May 2025" fundamentals.