Gold's Best Month Since 1999: Up 15% to $4,651

Gold climbed roughly 15% in August 2026, reaching $4,651 an ounce on August 25 — its strongest month since September 1999. New Trump tariffs, Middle East conflict, and concern over US fiscal plans and Federal Reserve independence under incoming chair Kevin Warsh fueled safe-haven demand. Analysts now see gold approaching $5,000.