UK Gold Market Report - 08 November 2025
Gold prices are expected to remain supported by strong demand from central banks and investors, with potential upside driven by macroeconomic factors such as falling real interest rates and geopolitical uncertainty. Currency movements will continue to influence the GBP gold price. Market participants should monitor LBMA price announcements and global economic indicators.
- US government shutdown fears
- Strong central bank and investor demand
- Currency fluctuations affecting GBP gold price
- LBMA gold price benchmark usage and licensing
Current UK gold spot price is £2,490.14 per ounce with a weekly decline of 0.56%.
LBMA Gold Price is a key benchmark administered by ICE Benchmark Administration, used for large trades and wholesale transactions in London.
Gold prices have consolidated around $4,000 per ounce in USD terms, with UBS forecasting potential upside to $4,700 in early 2026 due to macroeconomic factors.
Gold prices are expected to remain supported by strong demand from central banks and investors, with potential upside driven by macroeconomic factors such as falling real interest rates and geopolitical uncertainty. Currency movements will continue to influence the GBP gold price. Market participants should monitor LBMA price announcements and global economic indicators.
Quarter Sovereign
£222.60
at BullionByPost
Half Sovereign
£387.40
at BullionByPost
Gold Sovereign
£758.70
at BullionByPost