Gold rates climbed to a three-month high on Tuesday, August 25, 2026. Buyers bought the metal 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 fell.
The drop in the dollar followed the collapse of trade talks with Canada. At the same time, pending sanctions against Iran increased tension. Elsewhere in commodities, oil prices eased, while London Metal Exchange copper hit a new peak.