Gold was down on Monday morning in Asia, but stabilized after hitting its lowest in nearly two weeks. Concerns over the soaring numbers of COVID-19 cases in Europe helped cap some losses for gold, however.

Gold futures were down 0.26% to $1,846.80 by 11:17 PM ET (4:17 AM GMT). The dollar, which normally moves inversely to gold, inched up on Monday but retreated from its record level hit on Friday.

Policymakers from the U.S. Federal Reserve continue to publicly debate whether to quicken asset tapering. Fed Vice Chairman Richard Clarida, Governor Christopher Waller, and St. Louis Fed President James Bullard have all hinted that speeding up the process could be on the agenda at the central bank’s next meeting in December.