Gold futures have soared above $4,000 US 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.
The commodity jumped on Tuesday morning to reach a record high. The New York spot gold price 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
Continue Reading on CBC News
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.