UK Gold Market Report - 29 January 2026
Thursday, 29 January 20260
Continued bullish momentum with potential for higher GBP prices if USD strength persists but safe-haven flows dominate
Gold Movement
-0.56%
Market Trend
up
Outlook
Bullish
Key Market Drivers
- Safe-haven demand amid geopolitical tensions
- Record highs in USD gold price
- Metals surge boosting mining values
Market Insights
Gold at record highs near $5513 USD/oz equivalent to ~£2490/oz GBP
Weekly dip of -0.56% but strong long-term uptrend with 257% 10-year gain
Market Outlook
Continued bullish momentum with potential for higher GBP prices if USD strength persists but safe-haven flows dominate
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