Business
Gold futures just rose above $4,000 per ounce for the first time ever
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 9:10 a.m. 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.