New York – Gold futures rose above $4,000 per ounce for the first time as investors continue to seek a safe haven for their money with the U.S. government essentially shut down.
As of 9:10am ET, gold futures traded at $4,003 in New York.
The going price for New York spot gold rose to $3,960.60 per troy ounce – the standard for measuring precious metals.
Gold sales can rise sharply when anxious investors seek secure investments for their money.
Before Tuesday, the asset – and other metals, like silver – had seen wider gains over the last year, particularly with President Donald Trump’s barrage of tariffs plunging much of the world into economic uncertainty. (Daily Mail)
