Gold prices rose 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 economy. The price hit its highest mark since mid-May as the U.S. dollar lost value.
The drop in the dollar followed 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 reached a new peak.