UK Gold Market Report - 05 December 2025
The gold market in the UK is expected to remain strong in the near term, supported by macroeconomic uncertainties, potential US interest rate cuts, and sustained demand from investors seeking safe-haven assets. Currency factors will continue to influence GBP gold prices. However, volatility may persist due to market mechanics and physical supply constraints.
- Strong demand during economic uncertainty
- Currency fluctuations affecting GBP valuation
- Limited UK gold reserve changes since 2002
- Global central banks net buying gold for 15 years
- Expectations of US interest rate cuts reducing opportunity cost of holding gold
Gold price in the UK rose significantly in 2025, reaching a high of £3,261.46 per ounce on October 20, 2025, with an average price of £2,556.49 per ounce for the year
The UK holds 310.29 tonnes of gold in reserves, unchanged since 2002, valued at approximately £31.5 billion as of December 2025
The UK gold price increase partly reflects a weaker pound sterling against the dollar, as gold is primarily priced in USD
The gold market in the UK is expected to remain strong in the near term, supported by macroeconomic uncertainties, potential US interest rate cuts, and sustained demand from investors seeking safe-haven assets. Currency factors will continue to influence GBP gold prices. However, volatility may persist due to market mechanics and physical supply constraints.
Half Sovereign
£396.90
at BullionByPost
Gold Sovereign
£782.90
at BullionByPost
Double Sovereign
£1584.00
at BullionByPost