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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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Blinken Embarks to Middle East for Sixth Gaza Diplomacy Push


 U.S. Secretary of State Antony Blinken returns to the Middle East on Wednesday for his sixth visit since the start of Israel’s war with Hamas. His mission is to facilitate discussions for a temporary ceasefire and the release of hostages held by Hamas.

Blinken will meet Saudi leaders in Jeddah and Egyptian leaders in Cairo to discuss talks brokered by Egypt and Qatar on an agreement, as well as efforts to get more aid into Gaza. The ongoing negotiations aim to alleviate the humanitarian crisis gripping Gaza. Additionally, Blinken will engage in conversations about arrangements for governance, security, and redevelopment in post-conflict Gaza.

The war was triggered when Hamas fighters crossed into Israel on a rampage, resulting in the loss of 1,200 lives and the capture of 253 hostages according to Israeli tallies. In response, Israel launched a retaliatory onslaught, resulting in the confirmed death of nearly 32,000 people in Hamas-run Gaza, with thousands more feared lost under the rubble.

Despite multiple visits to the U.S. ally on his previous regional swings, Blinken is not scheduled to visit Israel on this trip. Tensions have escalated between U.S. President Joe Biden’s administration and the government of Israeli Prime Minister Benjamin Netanyahu, who recently rebuffed Biden’s plea to call off a planned ground assault in the southern Gaza city of Rafah, where more than a million displaced Palestinians are sheltering.

Blinken’s diplomatic efforts continue as the international community closely watches the situation unfold in the region.

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