Gold moves up, but invests little in the Fed’s policy decision according to Investing.com
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Author: Gina Lee
Investing.com – Gold rose in Asia on Tuesday morning, but little has changed. Investors are looking for clues to rising interest rates, while concerns about the geopolitical tension in Eastern Europe pushed the yellow metal to a safe haven.
It rose 0.01% to $ 1,841.80 at 22:50 ET (3:50 GMT).
US-Russia d, the US placed 8,500 troops on high alert. The United Kingdom also said that some workers and dependents were being removed from its embassy in Ukraine, saying that the US had ordered the relatives of diplomats at its embassy to leave the country one day.
US stocks ended higher after a volatile session on Monday. Subsequent sales in the session and subsequent cheap hunting pushed the indices into positive territory. The benchmark fell to a week low on Monday.
Investor focus is now on the Fed’s policy decision, which will be given after a two-day meeting on Wednesday. The US Central Bank has stated that it intends to raise interest rates by 25 basis points in March 2022.
The Fed will issue its policy decision on the same day, and will issue its policy decision on Thursday.
Meanwhile, the Republic of Sudan will strengthen its use of gold exports to cover imports of essential goods. The country is embarking on a new 2022 budget without foreign aid, amid the economic downturn of a coup.
Among other precious metals, silver fell by 0.8%, palladium by 0.6% and platinum by 0.7%.
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