UK Gold Market Report - 14 February 2026

Saturday, 14 February 20260

HOLD

Short-term volatile with bearish bias due to technicals and easing inflation; medium-term supported by policy easing and safe-haven demand

Gold Movement

-2.50%

Market Trend

down

Outlook

Neutral

Key Market Drivers

UK CPI inflation at 3.4% easing towards 2% target due to energy prices and Budget 2025 measures
Bank of England Bank Rate reductions supporting disinflation
Global gold price volatility with recent highs near $5000/oz but bearish technical formations
Easing wage growth and services inflation reducing persistence risks
Declining inflation expectations among households and firms

Market Insights

Gold prices in GBP implied around £3900/oz based on sovereign at £615.80 (approx 7.98g gold) and global spot ~$4979 USD/oz with GBPUSD ~1.28

BullionByPost offers Gold Sovereign from £615.80, Britannia from £2600, Krugerrand from £2598 (quantity discounts apply)

Monetary policy easing with further Bank Rate cuts likely as inflation moderates

Market Outlook

Short-term volatile with bearish bias due to technicals and easing inflation; medium-term supported by policy easing and safe-haven demand

Best Prices

Quarter Sovereign

£293.10

at BullionByPost

Half Sovereign

£464.40