August 2025 saw a significant rise in both gold and silver prices. Gold surged strongly towards the end of the month, reaching a peak of $3,454.06 per ounce for the first time since last April and closing with a monthly gain of about 4.8%. Silver also saw a jump of about 8.17%, reaching $39.69 per ounce. These movements were supported by several factors, most notably Powell's comments at Jackson Hole, which hinted at a possible rate cut, weakening the U.S. dollar and increasing demand for gold and silver as safe havens. Geopolitical risks and continued central bank purchases also contributed to supporting prices.