By Gina Lee

Investing.com – Gold was up on Tuesday morning in Asia, but remained little changed. Investors looked to the for indications about interest rate hikes. However, concerns regarding the geopolitical tension in Eastern Europe encouraged the yellow metal to be a safer-haven.

Inched up 0.1% to $1.841.80 at 10:50PM ET (3:50 GMT)

U.S.-Russia relations d. The U.S. placed up to 8.500 troops under heightened alert. A day after U.S. officials said that diplomats were being ordered to flee the country, the U.K. announced it would withdraw some dependent staff from its Embassy in Ukraine.

U.S. share prices ended Monday’s volatile session with a higher note. Following a volatile Monday session, the sharp sell-off in the second half of the session and the subsequent bargain hunting helped push the indexes to positive territory. Benchmark fell to its lowest point in one week on Monday.

Investors’ focus is now on the Fed policy decision, due to be handed down on Wednesday after a two-day meeting. Most people expect the U.S. central banks to announce that they plan on increasing interest rates by 25 basis point in March 2022.

While the Fed will issue its own policy decision, the Fed will also make its decision. The Fed will announce its policy decision Thursday.

To cover essential imports, the Republic of Sudan is increasing its use of gold to offset any loss. In the midst of an economic recession following a coup, the country will be launching a 2022 budget that is entirely self-funded.

Other precious metals: Silver fell 0.8%; palladium fell 0.6%, and platinum fell 0.7%.