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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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Israel Seeks to Avoid All-Out War Amid Lebanon Tensions

 

In the wake of a deadly rocket strike that killed 12 children and teenagers in the Israeli-occupied Golan Heights, Israeli officials have expressed their intent to avoid escalating the situation into a full-scale war with Lebanon. The strike, which occurred over the weekend, has heightened tensions between Israel and Hezbollah, the Iran-backed militant group based in Lebanon.

Israeli officials have stated that while they aim to deliver a significant response to Hezbollah, they are keen to prevent the conflict from spiraling into a broader regional war. The Israeli security cabinet has authorized Prime Minister Benjamin Netanyahu to determine the timing and manner of the response, with options ranging from targeted strikes on Hezbollah infrastructure to more symbolic attacks on key facilities.

The situation remains volatile, with both sides engaging in cross-border skirmishes. An Israeli drone strike in southern Lebanon on Monday resulted in two fatalities and three injuries, including an infant. Despite these incidents, there is a concerted effort from international leaders to de-escalate the conflict. U.S. Secretary of State Antony Blinken emphasized the importance of restraint and reiterated support for Israel’s right to defend itself while urging both parties to avoid further escalation.

As the region braces for potential retaliation, diplomatic efforts are intensifying to prevent a full-scale war that could have devastating consequences for the Middle East.



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