Gold rates climbed to a three-month high on Tuesday, August 25, 2026. Investors turned to gold due to growing fears over a war involving Iran and concerns about the Trump financial outlook. The price hit its highest mark since mid-May as the U.S. dollar fell.
The decline in the dollar came after the collapse of trade talks with Canada. At the same time, upcoming sanctions against Iran increased tension. Elsewhere in commodities, oil prices pulled back, while London Metal Exchange copper reached a record high.