Gold futures surged past $4,000 per ounce for the first time, driven by investor anxiety over the U.S. government shutdown, trade tensions, and expectations of lower interest rates.

Axar.az, citing AP, reports that the price of gold has climbed about 50% since January 2025, while silver has risen nearly 60%.

Analysts cite factors such as tariffs, a weakened dollar, and global conflicts in Gaza and Ukraine. The rally, which began after Western nations froze Russian assets in 2022, has boosted gold sales and caused price shocks in jewelry markets.

Experts warn, however, that gold remains volatile and often benefits sellers more than investors. The surge in demand has also led to increased mercury use in illegal mining, raising serious environmental and health concerns worldwide.