Gold rates surged to a three-month peak on Tuesday, August 25, 2026. Buyers poured into the metal due to rising anxieties over a war involving Iran and worries about the Trump economy. The price hit its highest mark since mid-May as the U.S. dollar lost value.
The decline in the dollar followed the collapse of trade talks with Canada. Meanwhile, upcoming sanctions against Iran increased tension. Elsewhere in commodities, oil prices retreated, while London Metal Exchange copper reached a new peak.