Gold is rising, but is moving slightly as investors seek a decision on Fed policy from Investing.com

Written by Gina Lee

Investing.com – Gold rose on Tuesday morning in Asia, but has changed little. Investors are looking for indications of rising interest rates, while concerns over geopolitical tensions in Eastern Europe have sparked yellow metal in a safe haven.

increased 0.01% to $ 1,841.80 by 22:50 ET (3:50 GMT).

USA-Russia d, and the USA puts as many as 8,500 soldiers on heightened alert. The UK has also said it is withdrawing some staff and family members from its embassy in Ukraine, a day after the US said it was ordering family members of diplomats from its own embassy to leave the country.

U.S. stocks ended up higher after an unstable session on Monday. Steep sales later in the session, and the hunt for cheap prices that followed, pushed the indices into positive territory. The reference value fell to a one-week low on Monday.

The focus of investors is now on the decision on the Fed’s policy, which should be made on Wednesday after the two-day meeting. The US Federal Reserve is generally expected to indicate that it plans to raise interest rates by 25 basis points in March 2022.

He will make his own policy decision the same day as the Fed, while he will make his policy decision on Thursday.

Meanwhile, the Republic of Sudan will step up the use of gold exports to cover imports of basic goods. The country is entering a new budget for 2022 without foreign aid amid the economic downturn after the coup.

Among other precious metals, silver fell by 0.8%, palladium by 0.6% and platinum by 0.7%.