Gold Price in the UK Today, 1 December 2025: Six‑Week Highs, Rate‑Cut Bets and 2026 Forecasts
Gold hit a six-week high on December 1, with global spot prices around $4,235 per ounce and UK prices near £3,180–£3,220 per ounce, just below October’s record. The metal is up about 57% year-on-year in dollars and over 50% in sterling since January. Traders cite expectations of US rate cuts and safe-haven demand. UK gold peaked at £3,261.46 per ounce in October.