UK Gold Market Report - 23 February 2026
Monday, 23 February 20260
Bullish short-term with targets near $5,100-$5,600/oz, supported by geopolitics and central banks; GBP price derived from ~$5000/oz at historical 0.5 GBP/USD rate adjusted.
Gold Movement
+1.20%
Market Trend
up
Outlook
Bullish
Key Market Drivers
- Escalating geopolitical tensions in the Middle East
- Safe-haven demand intensification
- Central bank buying (e.g., China, Poland)
- US tariff announcements and trade tensions
- Renewed volatility from Russia-Ukraine conflict
Market Insights
Gold recently regained $5,000/oz level with 1.2% weekly rise[3]
Forecasts predict short-term upside to $5,246 on Feb 26[1]
Market Outlook
Bullish short-term with targets near $5,100-$5,600/oz, supported by geopolitics and central banks; GBP price derived from ~$5000/oz at historical 0.5 GBP/USD rate adjusted.
Best Prices
Half Sovereign
£480.90
at BullionByPost
Gold Sovereign
£950.10
at BullionByPost
Double Sovereign
£1920.00
at BullionByPost
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