NEW YORK (AP) — Gold futures have soared above $4,000 per troy ounce for the first time, as many investors seek a “safe haven” to park their money as the U.S. government shutdown continues.

Gold futures in New York jumped above the $4,000 mark Tuesday morning, marking a record high. The going price for New York spot gold had previously closed at $3,960.60 per troy ounce — the standard for measuring precious metals — on Monday.

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.

How much have gold prices climbed this year?

Gold futur

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