UK Gold Market Report - 11 December 2025
The factors driving gold's strong performance in 2025 are expected to persist into early 2026, with potential for prices to approach $5,000 per ounce before slowing. Investment demand and central bank buying are likely to continue supporting the market, although jewelry demand may remain subdued[1][3]. Currency dynamics will continue to influence UK gold prices.
- Strong gold performance in 2025 with ~60% year-to-date gain
- Robust investment demand despite decline in jewelry consumption
- Central bank purchases remain strong
- Supply constraints in gold mining
- Currency fluctuations affecting UK gold price
Gold was the standout asset in 2025, outperforming major assets including Bitcoin and S&P 500[1]
Jewelry demand in India and globally declined significantly, but investment demand and central bank buying supported overall demand[1][3]
Gold price in USD reached all-time highs in October 2025, peaking at 4381.58 USD/oz, with recent prices around 4227.77 USD/oz[4][6]
The factors driving gold's strong performance in 2025 are expected to persist into early 2026, with potential for prices to approach $5,000 per ounce before slowing. Investment demand and central bank buying are likely to continue supporting the market, although jewelry demand may remain subdued[1][3]. Currency dynamics will continue to influence UK gold prices.
Quarter Sovereign
£229.70
at BullionByPost
Half Sovereign
£396.80
at BullionByPost
Gold Sovereign
£782.90
at BullionByPost