Gold prices rose on Tuesday after Moderna’s chief warned that COVID-19 vaccines are unlikely to be as effective against the Omicron variant as they have been against the Delta version.
Spot gold rose 0.3% to $1,790.92 per ounce by 0728 GMT. U.S. gold futures increased 0.4% to $1,792.90.
The Moderna chief’s comments rattled financial markets, with Asian shares dropping to their lowest in more than a month while crude oil futures fell over 2%.
KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.