Gold usually moves higher when there is fear, uncertainty, or volatility in markets.
So far this year, gold has gained 8.5%, after bottoming out in late December.
After a big comeback during the first half of 2016, gold prices fell dramatically from $US1387 per ounce in July 2016 to $US1127 per ounce in December.
Two of the more popular gold exchange-traded funds are also seeing a bid on Tuesday.
Get the latest Gold price here.