UK Gold Market Report - 12 December 2025
Near-term bullish. Monetary easing expectations in the US and continued geopolitical uncertainty are likely to keep demand strong and support gold prices in GBP, though short-term profit-taking and GBP/USD volatility could cause intermittent pullbacks.
- Federal Reserve interest-rate cuts and prospect of further easing supporting non-yielding assets such as gold
- Strong global demand from investors, funds and central banks amid geopolitical uncertainty (Russia‑Ukraine tensions / NATO rhetoric)
- Record and near‑record price action in USD (spot and futures) lifting GBP prices despite currency movements
- LBMA price benchmark liquidity and auction administration (IBA) underpinning London pricing
- UK-specific currency effects (GBP weakness versus USD increasing local GBP gold price)
Retail UK spot quoted price from BullionByPost shows current price £2,490.14 per troy ounce and a weekly change of -0.56% (source: BullionByPost).
LBMA/IBA remain the formal administrators of the LBMA Gold Price and auction process used for large trades; licensing restricts redistribution of live/historical benchmark data (source: LBMA pages).
London ‘fix’/auction series (historical London Fix data) shows the LBMA/London reference in GBP has been elevated through late 2025 with AM/PM prints often above £4,000 in many published series expressed in GBP‑converted tables (source: historical London Fix table).
Near-term bullish. Monetary easing expectations in the US and continued geopolitical uncertainty are likely to keep demand strong and support gold prices in GBP, though short-term profit-taking and GBP/USD volatility could cause intermittent pullbacks.
Quarter Sovereign
£231.90
at BullionByPost
Half Sovereign
£401.20
at BullionByPost
Gold Sovereign
£791.50
at BullionByPost