Gold prices rose today, Tuesday, after Moderna President Stefan Bancel warned that Covid-19 vaccines would not likely be as effective against Omicron as they were against the strain. Delta.
And according to Arab Net, gold in spot transactions rose 0.3% to $ 1790.92 an ounce, while US gold futures rose 0.4 percent to record $ 1792.90.
Moderna's head shook financial markets, Asian stocks fell to their lowest level in more than a month, while oil futures fell more than 2%.
Investors will closely follow the testimony of the US Federal Reserve chairman to Congress this week after he warned on Monday that the new strain of Covid-19 has distorted the central bank's inflation expectations and that prices may continue to rise for longer than previously thought.
As for other precious metals, silver fell in spot transactions 0.2% to $22.84 an ounce, platinum fell 1.4% to $949.55, while palladium increased 0.1% to $1795.91.
