Global Gold Jumps Nearly 4% to a Two-and-a-Half-Month High; Tehran's Coin and Free-Market Dollar Rise Together (Wednesday, August 19, 2026)

On Wednesday, August 19, 2026 (28 Mordad 1405), global spot gold jumped nearly 4% to $4,511.04 an ounce, its highest since early June, according to Trading Economics and tgju.org. The main driver was a US Treasury move to boost long-bond buybacks; regional tension, including the UAE's suspension of ties with Iran, added to the rally, per Ecoiran. Tehran's Emami coin rose to about 198 million tomans and the free-market dollar to 188,600 tomans the same day.