UK Gold Market Report - 01 February 2026
Sunday, 01 February 20260
Bullish with potential new highs in 2026 driven by global uncertainties, though short-term weekly dip
Gold Movement
-0.56%
Market Trend
up
Outlook
Bullish
Key Market Drivers
- Yearly strong gains (33.31%)
- Geopolitical conflicts (Middle East, Ukraine)
- Central bank buying and Asian retail demand
- US interest rate expectations
- Inflation and currency volatility
Market Insights
Current price around £2,488-£2,490 per oz, near year high of £2,582
Market Outlook
Bullish with potential new highs in 2026 driven by global uncertainties, though short-term weekly dip
Best Prices
Half Sovereign
£449.70
at BullionByPost
Gold Sovereign
£887.90
at BullionByPost
Double Sovereign
£1795.00
at BullionByPost
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