Gold prices climbed to a three-month high on Tuesday, August 25, 2026. Buyers turned to gold due to growing fears 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 weakened.
The decline in the dollar followed the collapse of trade talks with Canada. At the same time, pending sanctions against Iran increased tension. In other commodity markets, oil prices retreated, while London Metal Exchange copper reached a record high.