October 17, 2025

Dallas Sees Gold Prices Soar to New Heights

News Summary

Gold prices in Dallas have skyrocketed, reaching a remarkable $4,269.10. This surge is the largest seen in decades and has local businesses buzzing with activity. As experts predict prices could hit $5,000 by 2026, many investors are eager to participate in the gold market. Factors driving this trend include global debts and inflation. Additionally, Texas is set to embrace gold and silver as legal tender, marking a significant change in its economy. With potential risks and rewards, the gold investment landscape is heating up.

Texas has witnessed a remarkable surge in gold prices, with the cost rising to a record high of $4,269.10 as of Thursday. This significant increase marks one of the largest hikes the market has seen in decades, prompting a wave of increased investment activity in the precious metals sector.

The spike in gold prices has led to heightened interest among investors, particularly with precious metals dealer Priority Gold. Established 25 years ago in Beverly Hills, California, the company has experienced a notable uptick in activity since the price surge and opened a Dallas office five years ago to cater to the increasing demand in Texas. The firm is also associated with renowned author Robert Kiyosaki, known for his book “Rich Dad, Poor Dad.”

Finance experts have indicated that the current market conditions echo the past; in 1980, the market price of gold was approximately $250, which would be around $3,000 in today’s money. Current predictions posit that gold prices may escalate to $5,000 an ounce by early 2026, as projected by Bank of America. This prospect further fuels investor enthusiasm and activity in the precious metals market.

According to accounts from Priority Gold, the increase in gold prices has led to a surge in calls from potential investors. Don Shelly, a finance professor at Southern Methodist University, noted various factors contributing to the rising gold prices. These include escalating global government debts, ongoing turmoil in the Middle East, and rising inflation and tariffs within the United States. As a direct consequence, investments into gold exchange-traded funds (ETFs) have skyrocketed, with estimates indicating an influx of $40-50 million invested in these funds this year alone.

The rise in gold prices is also driven by growing concerns over inflation and fears of potential government currency inflation, which has resulted in increased retail purchases of gold. However, advisors emphasize the importance of understanding the inherent risks associated with investing in gold. While the surge presents an enticing opportunity for profit, experts warn that investors should be prepared for a potential price correction of 15-20%.

Considering these risks, professionals in the field recommend that potential investors consult with financial advisors prior to making any commitments. This guidance is especially crucial during periods of market volatility, where prices can be unpredictable and subject to abrupt changes.

Background Developments

In addition to the rising gold prices, Texas has made legislative strides regarding precious metals. The state recently enacted House Bill 1056, which allows gold and silver to be utilized as legal tender for transactions. Governor Greg Abbott signed the bill, positioning Texas alongside several other states that are exploring systems for using precious metals as currency. From September 2026, the Texas Bullion Depository will enable transactions involving gold and silver, with full operational capacity anticipated by May 1, 2027. However, some concerns have been raised about potential constitutional challenges to the new law.

As Texas continues to navigate this evolving landscape of precious metal investments and currency laws, both investors and consumers remain attentive to the shifts in the gold market and the implications for the economy as a whole.

Deeper Dive: News & Info About This Topic

Author: STAFF HERE GEORGETOWN

The GEORGETOWN STAFF WRITER represents the experienced team at HEREgeorgetown.com, your go-to source for actionable local news and information in Georgetown, Williamson County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Red Poppy Festival, Georgetown Swirl, and Christmas Stroll. Our coverage extends to key organizations like the Georgetown Chamber of Commerce and the Downtown Georgetown Association, plus leading businesses in manufacturing and tourism that power the local economy such as local wineries and historic downtown shops. As part of the broader HERE network, including HEREaustin.com, HEREcollegestation.com, HEREdallas.com, HEREhouston.com, HEREgeorgetown.com, and HEREsanantonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.