As economic uncertainty deepens, the rush for gold continues—with prices for the precious metal topping $4,300 for the first time this week.

The going price for New York spot closed at a record $4,326 per troy ounce on Thursday. Futures also traded as high at more than $4,344 per troy ounce Thursday, before falling below the $4,300 mark Friday morning. Still, gold is up significantly over the last week, marking one of its best weeks to date.

Gold sales can rise sharply when anxious investors seek a “safe haven” for their money. For the U.S., the latest gains arrive amid the now weekslong government shutdown and ongoing trade wars abroad—with President Donald Trump most recently threatening to place much higher tariffs on China, before appearing to walk back those potential new levies as

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