"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."
"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. Other precious metals have also raked in gains, with silver seeing an even bigger percentage jump year to date. Silver futures are up about 60%, trading at close to $48 per troy ounce Tuesday morning."
Gold futures in New York surpassed $4,000 per troy ounce for the first time, reaching about $4,013 by mid-morning trading. The New York spot gold price had closed at $3,960.60 the previous day. Gold futures have risen roughly 50% since January, up from around $2,670. Silver futures gained about 60%, trading near $48 per troy ounce. Rising demand for metals reflects investor anxiety amid the U.S. government shutdown, steep new tariffs imposed since 2025, and expectations of lower interest rates. Higher inflation and weakening hiring have increased gold's appeal as a hedge and safe-haven asset.
Read at ABC7 San Francisco
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