Gold futures in New York have soared past $4,000 per troy ounce for the first time, driven by investor demand for safe assets amid the ongoing United States government shutdown and mounting economic uncertainty. Silver prices have also surged, gaining about 60 percent over the past year. The rally in precious metals is fueled by concerns over trade policies, inflation, and anticipated interest rate cuts, with central banks and investors seeking protection from market volatility.

The shutdown has intensified anxieties, leading to delayed economic data and disruptions for federal workers, while political tensions and global conflicts further bolster gold's appeal. Experts caution that while gold is seen as a safe haven, its price can be volatile and over-concentration in any single asset carries risks. Environmental concerns have also risen due to increased mercury use in illegal gold mining, posing health and ecological threats.