Gold slipped nearly 1 percent on Tuesday, hovering below a record high and silver was off a 31-year peak hit in the previous session after long-term commodity bull Goldman Sachs advised investors to lock-in trading profits before oil and other markets reverse. Spot gold fell $10.66 an ounce to $1,456.09 an ounce by 0535 GMT. Bullion struck a lifetime high above $1,476 an ounce on Monday on the prospect of a weaker dollar.
Spot silver hardly changed at $40.12 an ounce, below a 31-year high at $41.93 struck on Monday.