Ammon News - Gold prices slipped on Tuesday, as investors turned cautious ahead of key U.S. jobs and inflation data, which could provide cues for Federal Reserve policy heading into the new year.

Spot gold lost 0.3% to $4,290.33 per ounce, as of 0637 GMT. Bullion has rallied 64% year-to-date, smashing multiple records along the way.

U.S. gold futures were down 0.4% at $4,316.40.

Traders are pricing in a 76% probability of a 25-basis-point U.S. rate cut in January, with some expecting two cuts, according to CME's FedWatch tool. This week's data docket is expected to offer fresh clues on how quickly the Fed may ease policy in 2026.

Elsewhere, spot silver slid 1.4% to $63.03 an ounce, after touching a record high of $64.65 on Friday.

Spot platinum climbed 1.3% to $1,806.46, while palladium rose 1% to $1,582.68.

Reuters