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 Gold prices were flat on Tuesday, after touching their lowest levels in more than one week, as the dollar held firm ahead of the U.S. Federal Reserve's policy meeting, where the central bank is likely to deliver another oversized interest rate hike.

FUNDAMENTALS

* Spot gold was listless at $1,633.69 per ounce, as of 0059 GMT, having earlier touched its lowest level since Oct. 21.

* U.S. gold futures fell 0.3% to $1,636.30.

* The dollar index was steady after rising 0.8% overnight, hurting gold's appeal for overseas buyers.

* U.S. central bankers are expected to keep their inflation fight in high gear this week, even as they intensify a debate over when to downshift to smaller interest rate hikes so as to avoid sending the world's biggest economy into a tailspin.

* The U.S. Fed is likely to raise rates by 75 basis points for a fourth straight time, bringing the target overnight lending rate to a 3.75%-4% range.

* Gold is highly sensitive to rising U.S. interest rates, as that increase the opportunity cost of holding the non-yielding metal.

* Euro zone inflation surged more than expected in October, data showed on Monday, fuelling expectations that the European Central Bank will press on with big interest rate hikes despite economic growth slowing.

* Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.22% to 920.57 tonnes on Monday from 922.59 tonnes on Friday.

* Spot silver rose 0.2% to $19.18 per ounce, platinum dipped 0.1% to $924.51 and palladium gained 0.9% to $1,856.91.

DATA/EVENTS (GMT)

0030 Japan JibunkBK Mfg PMI Final SA Oct

0145 China Caixin Mfg PMI Final Oct

0330 Australia RBA Cash Rate Nov

0700 UK Nationwide house price MM, YY Oct

0930 UK S&P GLBL/CIPS Mfg PMI Final Oct

1345 US S&P Global Mfg PMI Final Oct

1400 US ISM Manufacturing PMI Oct

U.S. Federal Reserve's Federal Open Market Committee

starts its two-day meeting on interest rates