Silver just got a major upgrade. As of August 2025, Washington has officially added silver to the U.S. Critical Minerals List, putting it in the same category as resources vital to national defense, energy security, and economic stability.

Gold is ending August on a tear. Spot prices climbed back into the mid-$3,400s and are on pace for their best month since April, powered by firmer inflation, rising odds of a September Fed rate cut, and a softer dollar. In April, bullion briefly notched a record near $3,500, and the market is edging in that direction again.

Gold is back in the spotlight. Prices spiked to a two-week high above $3,390 per ounce in Asian trading before pulling back slightly, as political shockwaves rattled global markets. The trigger? President Trump’s decision to fire Federal Reserve Governor Lisa Cook over allegations of mortgage fraud.

As President Trump’s second term enters its ninth month, the latest economic data has sent shockwaves through Washington and Wall Street. July’s jobs report wasn’t just weak—it was a flashing red light. And gold responded exactly as seasoned investors expected: it soared.