Investors focus on key central banks meetings: the gold inched down while the dollar is at rise

News for today, Tuesday, December 14:

The dollar traded near a one-week high on Tuesday, supported by expectations of hawkish Federal Reserve meeting this week. The U.S. central bank is expected to announce it will wrap up its bond buying stimulus sooner than previously communicated, potentially setting up earlier interest rate increases next year. Asia Pacific stocks are down today due to the rise of Omicron concerns after the WHO warning and risk of Chinese manufacturing hub shutdowns in Zhenjiang.

Today’s hearing of U.S. Senate’s Banking, Housing and Urban Affairs Committee will focus on stablecoins and the broader cryptocurrency space.

Oil prices fall on European and Asian renewed restrictions after a rise in coronavirus cases. The virus spread is delivering a bigger impact than expected. Gold prices are slightly down this morning as investors await decisions from key central banks meetings.

The price of Brent crude is $ 74.81 per barrel, WTI — $ 71.50. EUR/USD is at 1.1271, GBP/USD — 1.3205, gold is at $ 1,783.25 per ounce.