Gold was down but not out on Monday morning in Asia, keeping above the $1,700 mark.
Gold futures were down by 0.26% at $1,709.60 by 11:58 PM ET (4:58 AM GMT), with Asian stocks reporting gains. The yellow metal and stocks usually move in opposite directions.
But with reports of a potential second wave in China and Japan, investors could turn to gold as a safe haven.
China reported 17 new cases on May 10, and put the northeastern city of Shulan, in Jilin province, under lockdown