Gold prices surged to a three-month peak on Tuesday, August 25, 2026. Investors poured into the metal due to heightened concerns over a war involving Iran and worries about the Trump economy. The price reached its top level since mid-May as the U.S. dollar fell.
The decline in the dollar followed the breakdown of trade talks with Canada. At the same time, pending sanctions against Iran increased tension. Elsewhere in commodities, oil prices retreated, while London Metal Exchange copper hit a new peak.