Gold Prices Jump 15% in Best Month Since 1999

Gold prices rose about 15% in August 2026 to $4,651 an ounce — the biggest monthly gain since 1999. People bought gold as a safe place to put money amid new Trump tariffs, Middle East fighting, and worries about US government spending and the Federal Reserve's independence under new chair Kevin Warsh. Analysts expect gold to near $5,000.