Gold rates surged to a three-month high on Tuesday, August 25, 2026. Investors bought the metal due to growing fears over a war involving Iran and worries about the Trump financial outlook. The price reached its highest mark since mid-May as the U.S. dollar weakened.
The drop in the dollar followed the collapse of trade talks with Canada. At the same time, upcoming sanctions against Iran added to market tensions. In other commodity markets, oil prices pulled back, while London Metal Exchange copper hit a new peak.