UK Gold Market Report - 02 November 2025
The UK gold market is currently experiencing a short-term downward correction amid cautious Federal Reserve policy signals and a stronger US dollar, which dampen safe-haven demand. However, strong central bank buying and geopolitical shifts toward gold-backed trade suggest medium to long-term support for gold prices. Investors should monitor US monetary policy developments and global geopolitical tensions as key factors influencing gold's trajectory.
- Federal Reserve policy uncertainty and rate cut outlook
- Stronger US Dollar and steady Treasury yields
- Improved risk sentiment reducing safe-haven demand
- Record pace of central bank gold purchases globally
- Shift in global trade settlement towards yuan and gold away from US dollar
Gold price in the UK is currently around £2,490 per ounce with a weekly decline of 0.56%.
Gold prices have recently slipped below $4,000 per ounce after a strong rally earlier in 2025, indicating a short-term corrective phase.
Federal Reserve Chair's comments have tempered expectations of further rate cuts, limiting gold's upside momentum.
The UK gold market is currently experiencing a short-term downward correction amid cautious Federal Reserve policy signals and a stronger US dollar, which dampen safe-haven demand. However, strong central bank buying and geopolitical shifts toward gold-backed trade suggest medium to long-term support for gold prices. Investors should monitor US monetary policy developments and global geopolitical tensions as key factors influencing gold's trajectory.
Quarter Sovereign
£223.10
at BullionByPost
Half Sovereign
£388.40
at BullionByPost
Gold Sovereign
£760.60
at BullionByPost