Gold prices rose today after a sharp drop in the previous session, as a U.S. warning of an inevitable pandemic prompted investors to seek refuge in safe-haven assets.
Spot gold rose 0.7% to $1,646.19 per ounce by 08:26 GMT, slumping as much as 1.9% in the previous session.
It should be noted that on Monday, prices touched their highest in more than seven years at $1,688.66.
Moreover, U.S. gold futures eased 0.1% to $1,648.30.
Among other precious metals, palladium gained 1.2% to $2,730.91 per ounce, while platinum rose 0.8% to $933.49, touching its lowest in two months on Tuesday.
Silver was up 0.6% at $18.10 an ounce, falling as much as 4.1% in the previous session.