Gold Up on Increased U.S.-China Tensions But Held Back by Potential Vaccine Hopes… LIVE NEWS UPDATE BY ROYAL TRADERS


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.

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