Gold Rises Amid Warnings of Omicron

Gold prices rose on Tuesday after the president of Moderna warned that COVID-19 vaccines will likely not be as effective against the Omicron mutant as they are with the Delta strain.

And gold rose in immediate transactions 0.3 percent to 1790.92 dollars an ounce (an ounce). US gold futures rose 0.4 to $1,792.90.

Moderna’s head shook financial markets, and Asian stocks fell to their lowest level in more than a month, while oil futures prices fell by more than two percent.

For other precious metals, silver fell in spot transactions 0.2 percent to $22.84 an ounce. Platinum fell 1.4 percent to $949.55, while palladium rose 0.1 percent to $1,795.91.