UK Gold Market Report - 21 October 2025
The UK gold market is expected to maintain a bullish trend supported by strong fundamentals in gold mining earnings, ongoing safe-haven demand due to geopolitical and economic uncertainties, and anticipated Fed rate cuts. Although short-term price corrections may occur, the medium to long-term outlook remains positive with potential for further price appreciation.
- Strong earnings growth in gold mining companies boosting investor confidence
- Record high gold prices in USD driving UK price increases
- Safe-haven demand amid US government shutdown and economic uncertainty
- Expectations of Federal Reserve interest rate cuts supporting gold prices
- Currency fluctuations impacting GBP gold price
Gold mining companies have nearly doubled EPS growth in 2025, with strong cash flows and rising stock prices, indicating robust sector health[1].
Gold price in USD reached an all-time high near $4380 in October 2025, with recent correction but overall bullish momentum continuing[2][4][5].
UK gold price is around £2470 per ounce with a weekly decline of 0.56%, but overall trend remains upward with significant gains over the past year[4].
The UK gold market is expected to maintain a bullish trend supported by strong fundamentals in gold mining earnings, ongoing safe-haven demand due to geopolitical and economic uncertainties, and anticipated Fed rate cuts. Although short-term price corrections may occur, the medium to long-term outlook remains positive with potential for further price appreciation.