Gold rates climbed to a three-month high on Tuesday, August 25, 2026. Traders turned to gold due to growing fears over a war involving Iran and worries about the Trump economy. The price reached its top level since mid-May as the U.S. dollar weakened.
The decline in the dollar followed the breakdown of trade talks with Canada. At the same time, pending sanctions against Iran created further friction. In other commodity markets, oil prices retreated, while London Metal Exchange copper reached a new peak.