PRECIOUS-Gold, silver retreat as dollar ticks up

Feb 10 (Reuters) - Gold and silver fell on Tuesday after two straight sessions of gains, as the dollar edged higher from a more than one-week low, while investors awaited key U.S. jobs and inflation data due later this week to gauge the interest rate trajectory.

FUNDAMENTALS

Spot gold XAU= fell 1% to $5,016.56 per ounce by 0055 GMT. The metal gained 2% on Monday, as the dollar weakened to a more than one-week low. It had scaled a record high of $5,594.82 per ounce on January 29.

U.S. gold futures GCcv1 for April delivery lost 0.8% to $5,041.60 per ounce.

Spot silver XAG= was down 2.5% at $81.31/oz, after rising nearly 7% in the previous session. It had hit an all-time high of $121.64 on January 29.

The U.S. dollar index .DXY rose 0.2% from a more than one-week low hit in the previous session, making greenback-priced metals more expensive for overseas buyers. USD/

Stock indexes rose on Monday, with U.S. technology shares leading Wall Street higher, as investors sought bargains in markets beaten down last week, while the yen strengthened following the resounding election win of Japanese Prime Minister Sanae Takaichi. MKTS/GLOB

White House economic adviser Kevin Hassett said on Monday that U.S. job gains could be lower in the coming months due to slower labor force growth and higher productivity, weighing into a debate that is also underway at the Federal Reserve and promises to shape the central bank's coming policy decisions.

Investors await the nonfarm payrolls report for January, due on Wednesday, and inflation data on Friday for more cues on the Fed's monetary policy path.

Spot platinum XPT= shed 1.6% to $2,088.71 per ounce, while palladium XPD= lost 1.7% to $1,710.68.