UK Gold Market Report - 28 January 2026
Wednesday, 28 January 20260
Continued upside supported by uncertainty, central banks, and dollar weakness, with targets up to $5,400-$6,000; pullbacks likely buyable
Gold Movement
+18.00%
Market Trend
up
Outlook
Bullish
Key Market Drivers
- Geopolitical uncertainty and Trump's policies
- Central bank buying, especially China
- Safe-haven demand amid market volatility
Market Insights
Gold hit record $5,100/oz (£3,723) recently, up 65% in 2025 and 18% YTD 2026
Goldman Sachs targets $5,400 by Dec 2026; some see $6,000
BullionByPost lists Gold Sovereign from £615.80, Gold Britannia from £2,600
Market Outlook
Continued upside supported by uncertainty, central banks, and dollar weakness, with targets up to $5,400-$6,000; pullbacks likely buyable
Best Prices
Gold Sovereign
£942.60
at BullionByPost
Double Sovereign
£1905.00
at BullionByPost
Gold Crown (£5)
£4759.00
at BullionByPost
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