As the government shutdown looms, gold prices are soaring, making ETFs like JNUG and NUGT attractive to investors. Factors like a weak dollar, high global debt, and geopolitical tensions continue to support gold’s rise. In Minnesota, tensions are high after ICE and CBP agents were involved in fatal incidents. Democratic lawmakers are demanding new restrictions on ICE, threatening a shutdown if a deal isn’t reached.

The probability of a shutdown was at 78% on Jan. 26, with domestic political instability driving gold prices higher. Gold has seen a significant increase in value over the past three years due to factors like global debt levels and geopolitical instability. Tariffs, sanctions, and inflation fears have further boosted gold prices, with the dollar weakening against gold.

JNUG and NUGT may be wise investments even after the shutdown ends, as the factors driving gold prices are expected to remain strong. The Dollar Spot Index recently hit a low point, signaling continued potential for gold growth. Larry Ramer, the author, does not hold positions in the securities mentioned. This article was originally published on Barchart.com.

Read more at Yahoo Finance: As Government Shutdown Panic Swirls, Consider These 2 Top-Performing Gold ETFs to Buy Now