UK Gold Market Report - 20 February 2026
Friday, 20 February 20260
Bullish with potential for $5500+ USD/oz in 2026 amid loose monetary policy and uncertainty
Gold Movement
+2.00%
Market Trend
up
Outlook
Bullish
Key Market Drivers
- Bullish bank forecasts (ANZ $5800/oz Q2 2026)
- Geopolitical tensions boosting safe-haven demand
- Central bank easing (Fed, BoE rate cuts)
- UK economic rebound forecast (1.1% GDP growth 2026)
- Decoupling from strengthening USD
Market Insights
Gold trading above $5000/oz USD with value buying on dips[3][5]
ANZ projects $5800/oz in Q2 2026; JP Morgan bullish[1]
Short-term consolidation 4900-5080 USD/oz, upside potential to 5150-5500[3][4]
Market Outlook
Bullish with potential for $5500+ USD/oz in 2026 amid loose monetary policy and uncertainty
Best Prices
Half Sovereign
£467.20
at BullionByPost
Gold Sovereign
£922.90
at BullionByPost
Double Sovereign
£1866.00
at BullionByPost
Quick Actions