Jan 26 (Reuters) - Gold prices were little changed on
Wednesday, ahead of a U.S. Federal Reserve meeting that would
decide on rate hikes for the year, while safe-haven bullion was
supported by concerns over the Russia-Ukraine conflict.
* Spot gold was flat at $1,847.51 per ounce by 0108
GMT. U.S. gold futures were down 0.2% to $1,848.90.
* U.S. President Joe Biden said on Tuesday he would consider
personal sanctions on President Vladimir Putin if Russia invades
Ukraine, as Western leaders stepped up military preparations and
made plans to shield Europe from a potential energy supply
* The Fed's two-day meeting ends later in the day and Fed
funds futures have fully priced in a quarter-point
tightening for the Fed's March meeting, plus three more for
* Gold is generally seen as an inflationary hedge, but it is
highly sensitive to rising U.S. interest rates, which increases
the opportunity cost of holding non-interest bearing bullion.
* Expected interest rate hikes by the Fed may delay emerging
Asia's economic recovery and keep pressure on policymakers to
guard against the risk of capital outflows, a senior
International Monetary Fund official said on Tuesday.
* SPDR Gold Trust, the world's largest gold-backed
exchange-traded fund, said its holdings rose about 0.5% to
1,013.10 tonnes on Tuesday from 1,008.45 tonnes on Monday.
* Rating agency Moody's cut Kyrgyzstan's credit rating to B3
from B2, saying the authorities' decision to nationalise the
Central Asian nation's largest gold mine last year indicated
weak governance and investment climate deterioration.
* Spot silver was down 0.1% to $23.79 an ounce.
Palladium shed 0.3% to $2,192.70 and platinum was
unchanged at $1,025.27.
1500 US New Home Sales-Units Dec
1900 US Federal Open Market Committee announces
its decision on interest rates followed by statement
(Reporting by Asha Sistla in Bengaluru; Editing by Shailesh