NEW YORK —

Gold prices continue to reach historic highs, teetering near the $4,000 mark. The precious metal, valued for its long-term store of value, has seen a sharp, 45% year-to-date increase from being priced at $2,669 in January.

The price of gold, which in recent years has become a safe-haven asset for investors during times of economic uncertainty, closed higher on Tuesday in anticipation of the U.S. government shutdown. During the past two shutdowns, gold prices increased.

Gold has had its place in history as the "currency of kings." It has long been valued in trade for its unique chemical properties that allow it to be durable, malleable and resistant to tarnish.

This precious metal has taken on an unusual role in today's market, from being the prime item for trade to being a

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