Gold rates rose to a three-month high on Tuesday, August 25, 2026. Buyers turned to gold due to heightened concerns over a war involving Iran and concerns about the Trump financial outlook. The price hit its top level since mid-May as the U.S. dollar fell.
The decline in the dollar came after the breakdown of trade talks with Canada. At the same time, pending sanctions against Iran added to market tensions. In other commodity markets, oil prices retreated, while London Metal Exchange copper hit a record high.