Gold Price in 2025: Holding Up Under Pressure
Gold has had a dynamic year so far, and the story is far from over.
Despite brief pullbacks, the gold price in the UK remains impressively resilient, supported by wider global forces and unexpected buying behaviours, especially from Asia. UK savers might be watching from the sidelines, wondering: “Is this the moment to get in?” And while no one has a crystal ball, China’s recent actions with gold ETFs might offer a telling clue.
Here’s what’s really been happening – and what it could signal for those keeping an eye on their savings.
Why Did China ETFs Sell in May and July?
Let’s start with what looked like bad news.
According to recent data, Chinese gold ETFs experienced outflows of ¥3.2 billion (approximately £340 million) in July alone, with four of the country’s major funds witnessing redemptions. Back in May, Chinese-listed ETFs shed another RMB 3.3 billion (approximately 4.6 tonnes), reflecting seasonal softness and a rising equities market that temporarily drew attention away from precious metals.
For some observers, that might appear as a vote of no confidence in gold. But that’s only half the story.
In fact, these outflows followed months of record inflows. The first half of 2025 saw global gold ETF investments reach $38 billion, the highest in five years. And much of that surge was driven by, you guessed it, Asia. China-led inflows in April alone accounted for 64.8 tonnes of the global total.
Zoom out, and it’s clear: the so-called exodus wasn’t a collapse – it was rebalancing.
Dip? Buy. Repeat.
One of the most compelling behaviours seen in 2025 has been China’s tendency to buy the dip.
In July, after reaching a local peak of 324 tonnes, Asia-listed ETF holdings declined to 317 tonnes, only to rebound rapidly, driven by renewed inflows into flagship funds such as the Huaan Yifu ETF. Even as some investors locked in profits, others were waiting to jump in at a more favourable entry point.
Meanwhile, Shanghai gold traded at a consistent premium to international benchmarks – often a sign that physical demand on the ground is outpacing supply. In other words, Chinese savers weren’t fleeing gold. They were tactically adjusting positions, then re-entering once prices softened.
This behaviour reveals something important: many investors don’t see temporary dips as red flags. They see them as opportunities.
It’s the opposite of panic – it’s a sign of confidence.
Global Inflows Tell the Full Story
To really understand where gold sits in 2025, we need to zoom out even further.
Across the first six months of the year, global gold ETFs added 397.1 tonnes to their holdings, with Asia accounting for more than a quarter of that growth. Despite occasional sell-offs, the overall trajectory indicates strong demand, particularly in regions facing currency devaluation, geopolitical uncertainty, and volatile equity markets.
And it’s not just about ETFs.
Physical gold continues to command attention among central banks and individual savers alike. London’s gold market, for instance, saw a surge in requests to borrow central bank gold earlier this year, following major shipments to the U.S. That squeeze on supply only reinforced gold’s importance as a financial bedrock – even among institutional players.
In short, gold remains profoundly relevant. Even in a world that’s increasingly digital, tangible assets like physical gold haven’t lost their appeal – they’ve arguably become more sought-after.
What Does This Mean for UK Savers?
UK-based savers have long looked to property, ISAs, and equities as default options. But 2025 has shaken things up.
Inflation continues to eat into purchasing power. Bank interest rates may be higher than they were, but in many cases, they still don’t outpace inflation. And with sterling’s long-term buying power slipping, asset-based savings have started to get a second look.
Yet for many, the gold market still feels… intimidating. It seems technical. Risky. Hard to access.
And that’s where tools like TallyMoney come into play. For individuals seeking exposure to physical gold without the need to learn the intricacies of ETF trading or bullion logistics, platforms like Tally make it easier to start small, stay liquid, and remain in control.
You don’t need a hedge fund. You don’t need to speculate. And you definitely don’t need to buy a gold bar and hide it under your bed.
You Don’t Need to Time the Market. You Just Need to Get In.
Timing the perfect market entry is a myth – even seasoned traders rarely get it right.
However, what the China ETF story reveals is that waiting for certainty may mean missing the upside altogether. Investors overseas aren’t buying gold because it’s cheap – they’re buying because they believe in its long-term stability.
For UK savers looking for value preservation rather than speculation, this mindset shift could make all the difference.
Because when confidence is this visible – and this global – it might just be time to stop asking if gold makes sense, and start asking how to make it work for you.
The Gold Price Isn’t Just About the Dollar Anymore
Gold is traditionally priced in US dollars, but for savers in the UK, the strength (or weakness) of the pound plays a key role in how much value gold really delivers.
When the pound weakens against the dollar, gold priced in GBP typically rises, even if international spot prices remain flat. In recent months, with UK inflation still uncomfortably high and questions surrounding future rate cuts from the Bank of England, the gold price in GBP terms has remained steady or climbed. This means that UK-based savers can benefit from two forces simultaneously: global demand for gold and currency-related tailwinds.
Central Banks Are Still All In
While short-term traders may come and go, the most prominent players in the gold market remain buyers – quietly and consistently.
Data shows that central banks, particularly in emerging markets, have continued to increase their gold reserves in 2025. For them, gold isn’t a speculative bet – it’s an anchor. A way to store value, build financial independence, and protect purchasing power across generations.
That long-term conviction matters. It helps explain why global ETFs can swing month to month, yet the underlying appetite for physical gold stays rock solid.
London Still Holds the Keys
Closer to home, the London Bullion Market plays a critical role in the global gold supply chain. In fact, most of the world’s wholesale gold trades through London vaults, which also store gold for major central banks and financial institutions.
Earlier this year, the market faced tight conditions, as large gold shipments to the US prompted queues to borrow central bank gold stored at the Bank of England. That situation highlights something often overlooked by retail savers: gold isn’t just symbolic. It’s practical. It’s collateral. It’s real wealth with real-world demand.
If institutions are scrambling to get access to gold – even temporarily – it says a lot about its credibility in uncertain times.
So, What’s the Takeaway for UK Savers?
Let’s be honest. Nobody can predict every move in the gold market. Not the Fed, not Beijing, not even Wall Street. But what 2025 has shown is that short-term swings haven’t dented gold’s long-term demand. If anything, they’ve triggered smarter responses from global investors – especially in Asia, where dip-buying has become a reliable trend.
And this brings us back to the UK.
If you’ve been watching the headlines and wondering how to “get in” on gold, the first step isn’t about perfect timing. It’s about finding a simple, safe, and practical way to hold real gold – without the fuss.
That’s where solutions like TallyMoney come in.
What Makes Tally Different?
Tally® is not just a digital balance – it’s direct ownership of physical gold, measured in milligrams. One tally equals one milligram of gold, and your gold is stored securely in professional vaults outside the traditional banking system.
Unlike speculative tools or “gold-backed tokens,” your tally balance isn’t tied to price alone – it’s gold by weight, and that gives it stability and substance.
With no fees when you spend, a TallyMoney debit Mastercard, and full 24/7 access to your gold, this offers UK savers something most traditional financial tools can’t: value protection you can actually use.
What the China ETF Story Teaches Us
If there’s one lesson to take from the China gold ETF outflows, it’s this:
Confidence doesn’t always look like buying at the top. Sometimes, it appears to be selling high and then buying again when the price dips. It’s strategic. It’s smart. And it’s happening fast.
With Shanghai gold trading at a premium, and Chinese buyers returning within days after outflows, the message is clear: dips don’t scare serious gold holders, they attract them.
UK savers watching from afar can take note. You don’t need to become a commodities expert. You just need to understand one thing: gold is still being bought. Actively. Globally. And for good reason.
Final Thought: Confidence Leaves Clues
The gold price UK market reflects far more than charts and Fed minutes. It reflects sentiment, policy, trade, and – more often than not – real people making decisions with their money.
And right now, that includes millions of individuals and institutions reallocating to gold. Some through ETFs. Some through vaults. Some through platforms like Tally.
You don’t have to be first. But you probably don’t want to be last.
Start Owning Gold Without the Guesswork
Whether you’re building savings, rethinking your financial plan, or just curious about how gold fits into the picture, TallyMoney offers a transparent, easy, and regulated way to own gold outright.
Start with as little or as much as you like. See your balance grow in milligrams of gold, not pounds. And know that your money isn’t just sitting – it’s protected by one of history’s most trusted stores of value.
