Gold prices in Asia were up on Thursday as investors prepare for continuous economic turbulence.
Gold futures were up by 0.41% at $1,598 by 10:21 PM ET (3:21 AM GMT), recouping its losses from yesterday’s session.
Gold prices' gains today came as Asian equities traded mostly in the red. Australia’s ASX 200 slid 2.2% in morning trade, while Japan’s Nikkei 225 lost more than 1%.
The yellow metal is regaining its reputation as a safe haven amidst the unending economic turbulence caused by the COVID-19 pandemic.