Bullion values surged to a three-month peak on Tuesday, August 25, 2026. Traders turned to gold due to heightened concerns 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 weakened.
The decline in the dollar came after the breakdown of trade talks with Canada. Meanwhile, pending sanctions against Iran created further friction. In other commodity markets, oil prices eased, while London Metal Exchange copper reached a record high.