Gold prices climbed to a three-month peak on Tuesday, August 25, 2026. Buyers bought the metal due to rising anxieties over a war involving Iran and worries about the Trump financial outlook. The price hit its top level since mid-May as the U.S. dollar lost value.
The decline in the dollar came after the breakdown 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 hit a new peak.