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Gold Crashed 30% This Year — Now It's Climbing Again. Should Your TFSA or RRSP Be In It?

  August 12, 2026 If you've only glanced at the gold headlines this week, you've probably seen some version of "gold near two-month high." That's true — spot gold touched an intraday peak of US$4,434.84 an ounce on Tuesday, its best level since June 5, before settling back to around US$4,382. But "two-month high" undersells what's actually happened to gold in 2026, and that fuller story is the part that matters if you're deciding whether to put any of it in a TFSA, RRSP, or FHSA right now. Here's the short version: gold went nearly vertical in January, hit an all-time record, crashed by close to 30% within weeks, spent the spring and early summer languishing near US$4,000, and has spent the last six weeks clawing about 10% of that back. Where it goes from here is genuinely split among the banks that cover it professionally. That's the setup worth understanding before you buy. The wildest year gold has ever had Gold entered 2026 already o...
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Biden Warns Netanyahu: Rafah Incursion Risks Escalation in Gaza Crisis


In a significant diplomatic exchange, U.S. President Joe Biden recently had his first phone call with Israeli Prime Minister Benjamin Netanyahu in two months. The focus of their conversation? The escalating situation in Gaza, specifically the potential for an Israeli military operation in Rafah.

During the call, President Biden delivered a clear message to Netanyahu: An Israeli incursion into Rafah would deepen anarchy in the already volatile region. The stakes are high, and both leaders recognized the need for urgent dialogue.

Tensions between Israel and the United States have risen, and the situation in Gaza remains precarious. The possibility of a famine looms over northern Gaza, with half of the population facing “crisis levels of food insecurity or worse,” according to the United Nations. Against this backdrop, any military action could have severe consequences.

Biden and Netanyahu agreed that teams from each side would meet in Washington to discuss the situation. White House national security adviser Jake Sullivan emphasized the importance of a comprehensive discussion on the way forward in Gaza.  The goal is to find a path that ensures safety, stability, and humanitarian support for the people caught in the crossfire.

As the world watches, the delicate balance between security concerns and humanitarian needs hangs in the balance. The Rafah issue is a red line, and any misstep could exacerbate an already fragile situation.

President Biden’s warning underscores the gravity of the moment. The fate of Gaza rests on delicate negotiations, and the international community holds its breath. As the crisis unfolds, the world waits to see whether diplomacy can prevail over conflict.


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