By Gina Lee

Investing.com – Gold prices were down on Tuesday morning, but moves were small as investors await decisions from key central banks meetings.

The slipped 0.09% to $1786.65 at 10:15 ET (3:15 GMT). The normal movement of the inversely to gold was reflected in Tuesday’s slight uptick in the.

This week, around 20 central banks, including the.

Later in the day, Fed’s two-day meeting on monetary policy will start. It is scheduled to end by midnight. On Wednesday, Fed will announce its policy decision. This policy decision will be made. Fed expects to speed up its asset tapering process. Investors are also looking to find clues regarding the timing and location of interest rate increases in 2022.

On Thursday, The European Central Bank (ECB) will issue its policy decision. In this meeting it is expected that the bank confirms its withdrawal from EUR1.85 Trillion ($2.08 Trillion) COVID-19 emergency stimulation scheme.

The Bank of England is concerned about the COVID-19 Omicron variant. This concerns outweighs the concerns regarding high inflation, and diminishing chances of an interest-rate hike. According to Boris Johnson, Prime Minister of the United Kingdom, this is the first death related to an Omicron case.

Data-wise, the U.S. data is due earlier in the day. On Wednesday, data from Asia Pacific will be available, including the and

Meanwhile, a New York Federal Reserve released on Monday showed that U.S. consumers’ short-term inflation expectations were higher, while expectations for future earnings growth dropped, in November.

Other precious metals: Silver fell 0.1% while platinum stood steady at $929.45, and palladium dropped 0.3%.