UK Gold Market Report - 10 December 2025
The UK gold market is currently in a consolidation phase following a historic rally, supported by expectations of US monetary easing and strong central bank buying. While short-term price fluctuations are modest, the medium-term outlook remains cautiously bullish due to sustained demand and macroeconomic factors.
- Anticipated US Federal Reserve interest rate cuts supporting bullion demand
- Strong central bank gold purchases including China increasing reserves for 13 consecutive months
- Silver price surge leading to historically low gold/silver ratio, indicating shifting investor preferences
- Recent consolidation phase following historic gold price highs in October 2025
- Robust industrial demand for silver driven by AI data center growth
Gold price in the UK is currently £2,490.14 per ounce with a slight weekly decline of 0.56%.
Gold reached an all-time high of approximately $4,398 per ounce in mid-October 2025, equivalent to historic highs in GBP adjusted for exchange rates.
The gold price has stabilized recently after a strong rally, entering a consolidation phase since late October 2025.
The UK gold market is currently in a consolidation phase following a historic rally, supported by expectations of US monetary easing and strong central bank buying. While short-term price fluctuations are modest, the medium-term outlook remains cautiously bullish due to sustained demand and macroeconomic factors.
Quarter Sovereign
£230.40
at BullionByPost
Half Sovereign
£398.20
at BullionByPost
Gold Sovereign
£785.50
at BullionByPost