Gold prices surged to a three-month peak on Tuesday, August 25, 2026. Traders poured into the metal due to heightened concerns over a war involving Iran and concerns about the Trump economy. The price hit its highest mark since mid-May as the U.S. dollar lost value.
The drop in the dollar followed the collapse of trade talks with Canada. Meanwhile, pending sanctions against Iran created further friction. Elsewhere in commodities, oil prices eased, while London Metal Exchange copper reached a record high.