LIVE NEWS !!!
Gold was up on Tuesday morning in Asia, regaining its losses from the previous session.
Investors’ risk sentiment increased after Moderna (NASDAQ:MRNA) reported promising results on Monday from its phase one trials for its COVID-19 vaccine.
All 45 participants developed antibodies to the virus after two doses.
Gold futures were up by 0.27% at $1,739.35 by 12:43 AM ET (5:43 AM GMT). Stocks, which normally have an inverse relationship with gold, were also up on Tuesday.
Investors turned to the safe-haven yellow metal as U.S.-China tensions continue to simmer, with the NASDAQ stock exchange set to implement new restrictions on Chinese IPOs.