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Gold futures rise above $4,000 per ounce for the first time
Gold futures rose above $4,000 per ounce for the first time on Tuesday as many investors seek a “safe haven” for to park their money as the U.S. government shutdown continues. Gold futures in New York briefly jumped above the $4,000 mark just after 9 a.m. ET, 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 — Monday. 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, ... (full story)
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From morningstar.com|Oct 7, 2025The U.S. dollar has been weakening all year in a sign of possible threats to its global standing. Meanwhile, gold is having its day in the sun, rising above $4,000 an ounce for ...
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- Oct 7, 2025 1:24pm Posted byFundamental Analysis250
