UK Gold Market Report - 08 February 2026
Sunday, 08 February 20260
Bullish with strong upward momentum and high forecasts for 2026-2030
Gold Movement
+2.00%
Market Trend
up
Outlook
Bullish
Key Market Drivers
- Strong global gold price recovery to $4,955/oz
- Yearly 33.31% increase in GBP gold price
- Bullish long-term forecasts to $10,543 by end 2026
- US consumer sentiment and inflation expectations influencing spot prices
- LBMA benchmark pricing stability
Market Insights
Recent GBP gold price at £2,488.24 with 33.31% year change[1]
BullionByPost offers Gold Sovereign from £615.80, 1oz coins ~£2,600[2]
Kitco spot gold at $4,955/oz with +2% 24hr change as of Feb 7, 2026[3]
Market Outlook
Bullish with strong upward momentum and high forecasts for 2026-2030
Best Prices
Quarter Sovereign
£290.50
at BullionByPost
Half Sovereign
£459.20
at BullionByPost
Gold Sovereign
£906.80
at BullionByPost
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