Gold rates climbed to a three-month high on Tuesday, August 25, 2026. Investors turned to gold due to heightened concerns 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. At the same time, upcoming sanctions against Iran increased tension. In other commodity markets, oil prices eased, while London Metal Exchange copper reached a record high.