Gold futures rose above $4,000 per ounce for the primary time as buyers proceed to hunt a secure haven for his or her cash with the U.S. authorities primarily shut down.
As of 9:10 a.m. ET, gold futures traded at $4,003 in New York. The going value for New York spot gold rose to $3,960.60 per troy ounce — the usual for measuring valuable metals.
Gold gross sales can rise sharply when anxious buyers search safe investments for his or her cash. Earlier than Tuesday, the asset — and different metals, like silver — had seen wider beneficial properties during the last 12 months, notably with President Donald Trump ’s barrage of tariffs plunging a lot of the world into financial uncertainty.
