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Precious Metals Prices

Gold had a strong week as it now nears all-time highs. It opened Monday at $3,383.60 and is trading intraday Friday around $3,435.30

Silver also performed well as it neared the $40/oz mark on Thursday. It opened Monday $39.13 and is trading intraday Friday around $39.30.

The platinum price began trading Monday at $1,373.50 and is back close to that price on Friday as it trades around $1,372.80.

The palladium price had a mild decrease this week. It began Monday at $1,158.40 and is trading Friday around $1,129.10.

Market Update

This week’s financial scene remained firmly tethered to the latest developments in inflation. On Friday, the Commerce Department confirmed that overall consumer prices held steady at a modest annual pace, while core inflation, which excludes volatile food and energy components, crept higher to its most elevated level since February. Consumer spending surged, buoyed by durable goods purchases, and wages showed steady growth, underlining that the American consumer remains resilient even under pressure.

In response to the inflation data, sentiment in markets tilted toward expectations of a Federal Reserve rate cut in September, with futures pricing in a strong probability of such a move. Simultaneously, longstanding concerns about central bank independence were rekindled by the ongoing dispute between the President and Federal Reserve Governor Lisa Cook, including her legal effort to ward off removal.

Despite persistent uncertainties, U.S. equity markets defied caution. Major indices reached new all-time highs midweek, highlighted by a tech-led rally, even as Nvidia, a bellwether for AI-related growth, later dampened investor enthusiasm by reporting strong results but weaker-than-expected data-center chip sales. As August draws to a close, the market has overall mounted a solid rebound this year, and strategists are now eyeing value sectors, such as healthcare, industrials, financials, and regional banks, as ripe for rotation, given the waning dominance of tech giants.

Moving beyond U.S. shores, markets in the UK were rattled as bank shares fell sharply amid speculation about a potential windfall tax designed to offset losses from quantitative easing, though business confidence broadly climbed, thanks to stronger hiring and wage expectations. In India, equity benchmarks slipped yet again after Reliance Industries failed to impress investors at its annual meeting, and the introduction of steep new U.S. tariffs further dampened sentiment.

Looking ahead, attention turns to upcoming U.S. payroll data, expected to shape rate-cut expectations even further. Meanwhile, the global geopolitical calendar is heating up, with a Shanghai Cooperation Organization summit set to convene numerous world leaders, including high-profile meetings between China’s Xi Jinping and North Korea’s Kim Jong Un. Political turbulence looms in France amid a pending no-confidence vote, and in Brazil, a trial involving former President Bolsonaro adds to the geopolitical stew, all potentially rippling through markets.

Together, this week has underscored that while strong corporate earnings and resilient consumer demand support markets, inflation signals, central bank tensions, geopolitical risks, and trade frictions continue to shape the investor landscape in unpredictable ways.

Shiner, Texas – [August 25, 2025] – Texas Precious Metals is proud to announce its acceptance as an Affiliate Member of the London Bullion Market Association (LBMA), the global independent authority for precious metals standards. This milestone is a testament to the company’s commitment to performance, integrity, and leadership in the global bullion market.

LBMA sets the globally recognized standards for the precious metals industry, with strict membership requirements including financial standing, market reputation, compliance with rigorous due diligence, and adherence to the highest ethical standards. Texas Precious Metals’ acceptance reflects the company’s dedication to operational excellence and its growing influence on the international stage.

“On behalf of Texas Precious Metals, I am excited to announce our acceptance into LBMA,” said Tarek Saab, CEO of Texas Precious Metals. “Our growth as an international brand has come through the hard work of more than 80 of our team members who have worked tirelessly to offer world-class customer service throughout the precious metals supply chain. Many thanks to Ed Blight and the LBMA team for their support in our journey.”

As an Affiliate Member, Texas Precious Metals joins an association of members collaborating to uphold and enhance industry best practices, contributing to the future development of the precious metals market.

Shiner, Texas – [August 22, 2025] – Texas Precious Metals is proud to participate as the headline sponsor for the 2025 Cinch Playoffs Governor's Cup, the richest rodeo in South Dakota history. The event is scheduled for September 26-28, 2025, at the Denny Sanford Premier Center in Sioux Falls, South Dakota.

The Cinch Playoffs Governor's Cup serves as a pivotal competition for Professional Rodeo Cowboys Association (PRCA) athletes, offering a final opportunity to qualify for the National Finals Rodeo. Competitors will vie for the Governor’s Cup and a share of the impressive $1 million purse.

Texas Precious Metals has a heartfelt commitment to supporting rodeo culture and the western sports community. Earlier this year, the company announced its sponsorship of the Texas A&M Rodeo Team, underscoring its dedication to fostering talent and preserving the traditions of rodeo.

"Rodeo embodies values of resilience, determination, and community—principles that resonate deeply with our company," said Tarek Saab, CEO of Texas Precious Metals. "We are honored to support the Cinch Playoffs Governor's Cup and contribute to an event that celebrates the spirit of the American West."

Attendees can look forward to a series of competitions, including Bareback Riding, Tie-Down Roping, Steer Wrestling, Breakaway Roping, Team Roping, Barrel Racing, Saddle Bronc Riding, and Bull Riding. The event promises thrilling performances from top-tier athletes striving for excellence in their respective disciplines.

“We’re proud to partner with Texas Precious Metals, a respected name in the precious metals industry and a growing force in the world of rodeo. Their commitment to excellence and their investment in the Western way of life make them an ideal presenting partner for this event. We’re excited to have them on board as we continue to elevate the sport and deliver an unforgettable experience for rodeo contestants and fans,” stated Jessica Walhert, Marketing Manager for Cinch. Texas Precious Metals will also have a booth at the event, giving attendees the opportunity to browse and purchase select products in person.

Event Details:

• Dates: September 26-28, 2025

• Location: Denny Sanford Premier Center, 1021 N W Ave, Sioux Falls, SD 57104

• Tickets On Sale now

Tickets can be purchased through the Denny Sanford Premier Center's official website or by contacting the box office at (605) 367-7288. For more information about the Cinch Playoffs Governor's Cup, including event schedules and ticketing details, please visit the official website at www.cinchplayoffs.com.

Precious Metals Prices 

Gold spot price had another week of consolidation as it traded Monday morning ~$3,376/oz and is trading Friday at ~$3,344/oz. 

Silver price opened Monday at $37.81/oz and has increased slightly to $37.96/oz by intraday Friday. 

The platinum spot price stayed relatively flat this week. It began Monday around $1,338/oz and traded intraday Friday ~1,345.07/oz. 

Palladium began trading Monday around $1,135 and is trading intraday Friday around $1,124/oz. 

Market Update 

Global markets and geopolitical circles are closely watching the planned meeting Friday, August 15th between U.S. President Donald Trump and Russian President Vladimir Putin, set to take place in Anchorage, Alaska. The summit comes at a tense moment in the Ukraine conflict, with both leaders expected to discuss the possibility of a ceasefire, sanctions relief, and broader U.S.–Russia relations. While the Kremlin has stated that no formal agreements are anticipated, the meeting could set the tone for renewed dialogue on nuclear security and economic engagement. Analysts note that any progress will depend on balancing U.S. strategic interests with the concerns of European allies, particularly Ukraine, whose leadership has urged that any negotiations avoid undermining its sovereignty. The gathering is being closely monitored by global markets, which often react to shifts in geopolitical stability, especially those involving major energy producers and military powers. 

In monetary policy developments, expectations for a Federal Reserve interest-rate cut in September have increased significantly following this week’s inflation data. Softer-than-expected consumer price index readings earlier in the week pushed U.S. Treasury yields lower and boosted equity indices, with the S&P 500 and Nasdaq nearing record highs. Treasury Secretary Scott Bessent has publicly called for a substantial 50-basis-point cut, suggesting that a series of reductions could be warranted to support economic growth. However, several Federal Reserve officials, in public remarks following the inflation release, have stopped short of endorsing immediate action. This divergence underscores the Fed’s ongoing balancing act between stimulating the economy and preventing inflation from reaccelerating. Market participants are now weighing whether the central bank will proceed with a larger-than-typical rate cut or opt for a more gradual approach, especially as other data points show signs of underlying price pressures. 

Those pressures were reinforced Thursday by the release of July’s Producer Price Index, which showed a 0.9% month-over-month increase, well above the consensus estimate of 0.2%, marking the largest gain since mid-2022. On a year-over-year basis, PPI rose 3.3%, with core PPI, excluding food and energy, up 2.8%. The report highlighted notable increases in wholesale prices for services, metals, food, and intermediate goods, with some economists attributing part of the rise to recently implemented tariffs. The unexpected jump in producer prices complicates the outlook for monetary policy, as it may indicate that inflationary pressures are not fully contained despite easing in consumer-level measures. Financial markets reacted with caution, with equity futures pulling back and Treasury yields ticking higher after the release, reflecting concerns that aggressive rate cuts could be harder to justify in the face of persistent cost pressures. 

Taken together, these developments highlight the interplay between geopolitics, economic policy, and market sentiment. The outcome of the Trump–Putin meeting could have implications for energy prices, global trade flows, and geopolitical risk premiums, while the Fed’s decision-making process will remain sensitive to incoming data such as the PPI. Investors face an environment where diplomatic breakthroughs, central bank actions, and inflation trends are all capable of driving significant shifts in asset prices over a short period. 

Precious Metals Prices 

Gold opened Monday morning at $3,342.40/oz, after a slight decline in recent weeks. The precious metal was relatively flat for the week until Friday morning when it jumped to over $3,350.00/oz intraday. 

Silver declined strongly on Wednesday and Thursday, getting back in the range of $36/oz for the first time in a few weeks. It bounced back slightly on Friday morning though and is currently trading intraday Friday at $37.07/oz. 

The price per ounce of platinum also showed a mild decline this week trading Friday around $1,304.03/oz after opening Monday at $1,424.75/oz. 

As of Friday morning, palladium is almost down slightly for the week. It had some high volatility Wednesday and Thursday but bounced back Friday morning and is currently trading around $1,223.48/oz. 

With silvers sharp decline relative to golds flat performance this week, the gold-to-silver ratio is back up to roughly 90:1.  

Market Update 

Tariff Escalation  On August 1, President Trump signed sweeping executive orders to impose tariffs ranging from 10% up to 41% on imports from dozens of nations, including India, Taiwan, South Africa, and Canada. The measures, set to take effect on August 7, have unsettled global markets, sending equity markets in Asia, Europe, and the U.S. lower as investors brace for potential disruptions to trade flows and supply chains. Analysts warn that higher import costs could pressure corporate margins and push consumer prices upward, adding another layer of uncertainty to the global economy. The prices of all four precious metals saw modest upward pressure on Friday morning as investors look for a hedge against volatility and potential dollar weakness. 

Job Growth Lags  The July jobs report showed that the U.S. economy added just 73,000 nonfarm payrolls, well below expectations, with prior months revised down by roughly 258,000 jobs. Unemployment inched up to 4.2%, signaling that labor market momentum is losing steam. The slowdown has raised concerns about the overall health of the U.S. economy, especially when combined with tariff-driven uncertainty and elevated borrowing costs. A softer labor market tends to pressure real yields and the U.S. dollar. As expectations for potential Fed easing later this year grow, investors may increasingly turn to precious metals as a defensive allocation in their portfolios. 

IMF Growth Forecast  The International Monetary Fund lifted its global growth forecast slightly to 3.0% for 2025 and 3.1% for 2026, citing short-term boosts from stockpiling ahead of tariffs and modest fiscal support in key economies. However, it cautioned that elevated trade barriers, inflationary pressures, and geopolitical frictions could easily derail momentum later in the year. Markets remain wary that further tariff escalation or retaliatory measures could weigh on long-term global growth. Against this uncertain backdrop, central banks and institutional investors have continued to accumulate gold, underscoring its role as a strategic reserve asset during periods of policy and geopolitical unpredictability.