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 place to park their money as the U.S. government shutdown continues.
Gold futures in New York jumped above the $4,000 mark Tuesday morning, reaching 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. Even before the shutdown, the asset — and other metals, like silver — had seen wide gains over the last year, as President Donald Trump ’s barrage of tariffs cause uncertainty around the outlook for the global economy. More recently, the prospect of lower interest rates has also made gold a more attractive investment than interest-bearing investments.
How much have gold prices climbed this year?
Gold futures are up about 50% since the start of 2025 — trading at around $4,013 per troy ounce as of around 11:30 a.m. ET on Tuesday. That’s up from around $2,670 seen at the beginning of January.