UK Gold Market Report - 30 January 2026
Friday, 30 January 20260
Bullish with prices expected to rise toward £3,900+ equivalent by end-2026 based on USD forecasts
Gold Movement
-0.08%
Market Trend
up
Outlook
Bullish
Key Market Drivers
- Strong central bank demand
- Robust investor demand from ETFs, bars, and coins
- Geopolitical and economic uncertainty
- Expected Fed rate cuts
- Weaker USD and lower interest rates
Market Insights
J.P. Morgan forecasts gold at $5,000/oz by end-2026, averaging $5,055/oz Q4 2026
Recent weekly change -0.56% to -0.57%, but long-term 3-year +73.25%, 5-year +65.72%
Current spot ~£2,379/oz with daily dip, but forecasts predict continued rally
Market Outlook
Bullish with prices expected to rise toward £3,900+ equivalent by end-2026 based on USD forecasts
Best Prices
Half Sovereign
£472.70
at BullionByPost
Gold Sovereign
£933.80
at BullionByPost
Double Sovereign
£1888.00
at BullionByPost
Quick Actions