NEW YORK — Gold futures soared above $4,000 per troy ounce for the first time Tuesday, as many investors seek a safe place to park their money during the continuing U.S. government shutdown.

The going price for New York spot gold had previously closed at $3,960.60 per troy ounce on Monday. On Tuesday, after the market closed, the price sat at $4,001.

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

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