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Gold prices slipped on Tuesday with investors booking profits after a recent rally, amid pressure from the reduced probability of Federal Reserve rate cuts, while the market awaited key US inflation data due later this week. Spot gold fell 0.3% to $2,344.20 per ounce by 1119 GMT, after rising 0.7% on Monday. Bullion fell below its 21-day moving average, which stands at $2,348, but was on track for a fourth consecutive month of growth with a 2.5% gain in May. The spot price hit a record high of $2,449.89 on May 20.

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