Gold prices climbed to a three-month high on Tuesday, August 25, 2026. Traders bought the metal due to rising anxieties over a war involving Iran and concerns about the Trump financial outlook. 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. Meanwhile, pending sanctions against Iran increased tension. Elsewhere in commodities, oil prices pulled back, while London Metal Exchange copper hit a new peak.