UK Gold Market Report - 12 November 2025
The UK gold market outlook remains bullish over the medium to long term, supported by expectations of lower interest rates, ongoing geopolitical tensions, and increased investment demand. Short-term price fluctuations and consolidation are expected, but the overall trend favors higher gold prices into 2026.
- Expectations of US Federal Reserve interest rate cuts in December and 2026
- Geopolitical volatility increasing demand for gold as a safe haven
- Weaker US dollar supporting gold price gains
- Rising investment demand, especially among younger UK investors
- UK economic data showing rising unemployment and weaker employment growth
Gold price in the UK is around £2,475 per ounce with a slight weekly decline of 0.56%.
Gold prices have recently reached three-week highs near $4,150 per ounce in USD before slight pullbacks.
Major banks have raised gold price forecasts for 2026, with targets ranging from $4,200 to $5,300 per ounce, reflecting bullish sentiment.
The UK gold market outlook remains bullish over the medium to long term, supported by expectations of lower interest rates, ongoing geopolitical tensions, and increased investment demand. Short-term price fluctuations and consolidation are expected, but the overall trend favors higher gold prices into 2026.
Quarter Sovereign
£228.50
at BullionByPost
Half Sovereign
£399.30
at BullionByPost
Gold Sovereign
£782.30
at BullionByPost