Bullion values rose to a three-month peak on Tuesday, August 25, 2026. Buyers turned to gold due to growing fears over a war involving Iran and concerns about the Trump financial outlook. The price hit its top level since mid-May as the U.S. dollar weakened.
The drop in the dollar followed the collapse of trade talks with Canada. At the same time, upcoming sanctions against Iran increased tension. In other commodity markets, oil prices pulled back, while London Metal Exchange copper hit a new peak.