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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 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.How much have gold prices climbed this year?Gold futures are up about 50% since the start of 2025 — trading at about $4,003 per troy ounce just after 4 p.m. ET Tuesday. That’s up from around $2,670 at the beginning of January.Silver has seen an even bigger percentage jump year to date. Silver futures are up nearly 60%, trading at under $48 per troy ounce Tuesday afternoon.Why are prices going up?A lot of it boils down to uncertainty. Interest in buying metals like gold typically spikes when investors become anxious.Much of the recent economic turmoil has spanned from Trump’s trade wars. Since the start of 2025, steep new tariffs the president has imposed on goods coming into the U.S. from around the world have strained businesses and consumers alike — pushing costs higher and helping to weaken the job market. As a result, hiring has plunged while inflation has inched back up. And more and more consumers are expressing pessimism about the road ahead.The U.S. government shutdown has added to those anxieties. Key economic data has been delayed — and scores of federal employees are already feeling the effects of furloughs and working without pay as long as the shutdown lasts, which has no immediate end in sight. Donald Trump has also threatened to use the shutdown to conduct mass firings and perhaps permanently shutter offices in attempt to punish Democrats for voting down GOP legislation.Giovanni Staunovo, commodity analyst at UBS Global Wealth Management, also points to continued weakness of the U.S. dollar and renewed rate cuts from the Federal Reserve. Last month, the Fed cut its key interest rate by a quarter-point — and projected it would do so twice more this year.Investments in gold have also been driven by other factors over time. Analysts have previously pointed to strong gold demand from central banks around the world — including amid heightened geopolitical tensions, such as the ongoing wars in Gaza and Ukraine.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,753.72 +39.13 (+0.58%)Dow 3046,601.78 -1.20 (-0.00%)Nasdaq23,043.38 +255.01 (+1.12%)Russell 20002,483.99 +25.57 (+1.04%)VIX16.30 -0.94 (-5.45%)Gold4,060.60 +56.20 (+1.40%)PortfolioSign in to access your portfolioSign inTop gainersDGNX Diginex Limited 30.99 +6.79 (+28.06%)NTLA Intellia Therapeutics, Inc. 24.47 +4.03 (+19.72%)APGE Apogee Therapeutics, Inc. 47.24 +7.51 (+18.90%)FIG Figma, Inc. 71.08 +10.24 (+16.83%)RXRX Recursion Pharmaceuticals, Inc. 6.09 +0.86 (+16.44%)Top losersFICO Fair Isaac Corporation 1,695.01 -184.54 (-9.82%)OPEN Opendoor Technologies Inc. 8.49 -0.80 (-8.61%)JOBY Joby Aviation, Inc. 17.37 -1.54 (-8.14%)JEF Jefferies Financial Group Inc. 54.44 -4.66 (-7.88%)AAP Advance Auto Parts, Inc. 52.59 -4.25 (-7.48%)Most activeOPEN Opendoor Technologies Inc. 8.49 -0.80 (-8.61%)BULL Webull Corporation 12.66 -0.14 (-1.09%)RGTI Rigetti Computing, Inc. 43.23 -0.67 (-1.51%)AMD Advanced Micro Devices, Inc. 235.56 +24.05 (+11.37%)PLUG Plug Power Inc. 3.6550 -0.2150 (-5.56%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersAMD Advanced Micro Devices, Inc. 235.56 +24.05 (+11.37%)RXRX Recursion Pharmaceuticals, Inc. 6.09 +0.86 (+16.44%)TEM Tempus AI, Inc. 103.25 +10.24 (+11.01%)NTLA Intellia Therapeutics, Inc. 24.47 +4.03 (+19.72%)CRSP CRISPR Therapeutics AG 76.78 +6.16 (+8.72%)Top economic events