Gold Posts Best Month Since 1999, Surging 15% to $4,651 an Ounce

Gold rose about 15% in August 2026 to $4,651 an ounce on August 25, its strongest monthly performance since September 1999. Fresh Trump tariffs, Middle East conflict, and anxiety over US fiscal plans and Federal Reserve independence under new chair Kevin Warsh drove demand. Analysts see gold heading toward $5,000.