The price of gold hit a new record and world shares were mostly lower on Tuesday after U.S. markets were closed for the Labor Day holiday.

The spot price of gold, traditionally a haven for investors in times of uncertainty, climbed as high as $3,578.40 per ounce early Tuesday. That surpassed an intraday record of $3,509.90 an ounce set in April. It later slipped back a bit, gaining 1.1% to $3,549.10 per ounce.