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

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

Gold futures in New York briefly jumped above the $4,000 mark just after 9 a.m. ET, marking a new record.

The going price for New York spot gold had previously closed at $3,960.60 per troy ounce Monday.

Gold sales can rise sharply when anxious investors seek secure investments for their money.

Before Tuesday, the asset 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.