UK Gold Market Report - 09 December 2025
The outlook for gold remains bullish in the near to medium term, supported by continued monetary easing expectations, geopolitical risks, and sustained central bank buying. Price targets for gold could reach as high as $5,000 per ounce by 2026 according to some asset managers, with UK prices likely to follow upward trends adjusted for currency movements. However, vigilance on illicit gold market risks and regulatory reforms in the UK and globally may impact market dynamics.
- US Federal Reserve easing monetary policy
- Rising geopolitical tensions in Eastern Europe and the Middle East
- Increased demand from emerging market central banks
- Weakening US Dollar and other major currencies
- Record high gold prices attracting investors and illicit market attention
Gold has surged approximately 50-60% in 2025, marking its strongest annual advance since 1979, with UK pound gold price around £2,490 per ounce.
The US Federal Reserve's shift toward easing monetary policy amid rising unemployment and persistent inflation has weakened confidence in the US Dollar, boosting gold's appeal as a safe haven.
Geopolitical instability, particularly ongoing conflicts in Eastern Europe and the Middle East, has increased demand for gold as a protective asset.
The outlook for gold remains bullish in the near to medium term, supported by continued monetary easing expectations, geopolitical risks, and sustained central bank buying. Price targets for gold could reach as high as $5,000 per ounce by 2026 according to some asset managers, with UK prices likely to follow upward trends adjusted for currency movements. However, vigilance on illicit gold market risks and regulatory reforms in the UK and globally may impact market dynamics.
Quarter Sovereign
£229.40
at BullionByPost
Half Sovereign
£396.30
at BullionByPost
Gold Sovereign
£781.80
at BullionByPost