“Gold slipped on Tuesday as investors took profits from its recent rally to 28-year highs, but overall sentiment stayed bullish due to dollar weakness.
A decline in oil prices from last week’s record highs also weighed on the metal, which has jumped 16 percent or about $100 an ounce so far this year.
Spot gold fell as low as $722.30 an ounce before recovering to $729.30/730.00 by 1347 GMT, still down from $731.70/732.50 in New York late on Monday and off Friday’s high of $739 — the highest since January 1980.”
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