UK Gold Market Report - 20 November 2025
The gold market is in a major expansion phase driven by long-term cycles and central bank accumulation, but short-term price volatility is expected due to macroeconomic factors and potential gold sales by major holders. Inflationary pressures in the UK and globally support continued gold demand.
- Central banks' large undisclosed gold purchases driving momentum
- Currency debasement trade
- Institutional hedging against US protectionism
- IMF and Italy considering gold sales to manage debt
Gold price in UK pounds is currently £2,490.14 per ounce with a weekly decline of 0.56%
Gold reached an all-time high of $4,381.58 per ounce in October 2025, with recent prices around $4,073.48
Central banks have accumulated over 2,300 tons of gold through undeclared purchases, fueling the 2025 rally
The gold market is in a major expansion phase driven by long-term cycles and central bank accumulation, but short-term price volatility is expected due to macroeconomic factors and potential gold sales by major holders. Inflationary pressures in the UK and globally support continued gold demand.
Half Sovereign
£392.90
at BullionByPost
Gold Sovereign
£775.00
at BullionByPost
Double Sovereign
£1568.00
at BullionByPost