UK Gold Market Report - 04 February 2026
Wednesday, 04 February 20260
Short-term stable to down with rebound potential; strong long-term uptrend due to yearly gains
Gold Movement
-0.57%
Market Trend
up
Outlook
Bullish
Key Market Drivers
- Gold and silver prices rebound after sell-off
- Yearly increase of 33.31% in GBP
- Weekly decline of 0.57%
- Global spot price forecasts showing short-term volatility
Market Insights
Current spot price £2,488.24 per ounce from BullionByPost (Nov 2024 data)[2]
1-year high £2,582.74, low £1,858.04, +33.31% YoY[2]
Market Outlook
Short-term stable to down with rebound potential; strong long-term uptrend due to yearly gains
Best Prices
Quarter Sovereign
£293.50
at BullionByPost
Half Sovereign
£465.10
at BullionByPost
Gold Sovereign
£918.70
at BullionByPost
Quick Actions