Bullion values rose to a three-month peak on Tuesday, August 25, 2026. Investors poured into the metal due to growing fears 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. At the same time, pending sanctions against Iran added to market tensions. In other commodity markets, oil prices pulled back, while London Metal Exchange copper hit a new peak.