Gold markets in May 2026 are drawing significant attention from traders, investors, and economists tracking precious metals movement. This collection of eleven prediction markets represents a comprehensive view of potential gold price targets throughout the month, with each market focused on whether the spot price of gold (measured in USD per troy ounce, or XAUUSD) will reach specific thresholds during the May trading period. The grouped markets cover a spectrum of price levels—from conservative targets at $4,100 and $4,300 on the lower end, through middle-ground predictions at $4,500, up to more bullish scenarios at $4,800 and $5,000. This range reflects the genuine uncertainty about gold's direction, as the precious metal responds to multiple macroeconomic factors including interest rate expectations, US dollar strength, inflation data, geopolitical tensions, and central bank policy signals. By organizing markets around distinct price levels, this event structure lets you assess probability distributions across possible outcomes rather than focusing on a single direction. When reviewing the prediction odds below, consider what each price target implies about broader market conditions: lower-end targets suggest expectations of dollar strength or rising real interest rates, factors that typically pressure gold, while higher targets reflect anticipation of economic uncertainty, inflation concerns, or currency weakness. The specific prices chosen represent natural resistance and support levels where gold traders historically watch for breakouts or reversals. The collective view across these eleven markets reveals how confident the prediction market community is about different scenarios, with markets clustered at particular odds levels indicating consensus views and wide spreads between similar targets signaling genuine disagreement about near-term momentum. Reading across the full event gives you a snapshot of where informed traders expect May's gold story to unfold.