UK Gold Market Report - 07 February 2026
Saturday, 07 February 20260
Volatile short-term with rebound potential amid tight supply and safe-haven demand; monitor margin changes and USD
Gold Movement
-6.45%
Market Trend
down
Outlook
Bullish
Key Market Drivers
- Recent sharp price crash halved by rebound
- Tight silver liquidity and high lease rates signaling supply constraints
- Increased CME margin requirements boosting volatility
- Bargain hunting after selloff
- Weaker USD supporting precious metals
Market Insights
Gold closed at $4705.05 USD/oz on Feb 6, down 6.45% daily[1]
BullionByPost offers Gold Sovereign from £615.80, 1oz coins ~£2600[0]
Silver volatile, rebounding 5-10% after 12% plunge, trading ~$74-76 USD/oz[2][3][4]
Market Outlook
Volatile short-term with rebound potential amid tight supply and safe-haven demand; monitor margin changes and USD
Best Prices
Quarter Sovereign
£290.50
at BullionByPost
Half Sovereign
£459.20
at BullionByPost
Gold Sovereign
£906.80
at BullionByPost
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