Gold futures rise above $4,000 per ounce for the first time

By WYATTE GRANTHAM-PHILIPS, AP Business Writer

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.