Gold settled higher by 0.7% at $1,944.60 per ounce.
The Dollar Index reached a two-year low at 93.42.
Asia and Australia
The Asian markets were up despite the spike in the number of cases and the possible upcoming US sanctions on banks.
HongKong45 was up 0.32% even though the government announced drastic social distancing measures to curb the increasing number of COVID-19 cases.
Japan225 was up 0.02%.
Australia200 gained 0.21% despite being close to recession for the first time in 30 years due to the pandemic.
USD/JPY gained 0.2% at 105.58.
AUD/USD gained 0.11% to 0.7165.
USD/CNH added 0.02% to 7.0011.
The European markets were mixed on Tuesday after corporate earnings showed the pandemic's impact without providing too much guidance.
EUR/USD was down 0.4%, settling at 1.1706.
GBP/USD lost 0.1% trading at 1.2868.
Sources: investing.com, reuters.com