Gold prices slipped below $4300 per ounce on Tuesday as investors booked profits after bullion touched a near two-month high in the previous session, with attention turning to the US nonfarm payrolls report for fresh clues on the Federal Reserve's policy path. Easing safe-haven demand, amid renewed optimism around a potential Russia'Ukraine peace deal, also weighed on sentiment. Silver futures followed suit, retreating toward $62 per ounce after pulling back from record highs, as traders locked in gains after a sharp rally. Despite the near-term correction, both metals continue to draw underlying support from strong central bank purchases, healthy ETF inflows, and steady retail demand. A softer dollar, with the dollar index hovering below 98 after last week's Fed rate cut, has further cushioned downside risks, even as uncertainty lingers over the pace of policy easing in 2026. In the domestic market, MCX February gold futures edged 0.2% lower to ₹133830 per 10 grams.

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