LONDON/SYDNEY/SINGAPORE, July 28 (Reuters): Gold hit a record high on Tuesday before the sheer scale of its gains drew a burst of profit-taking, which in turn helped the dollar from two-year lows and kept equity markets steady.
The precious metal had risen almost US$40 higher at one point to reach US$1,980 an ounce. A wave of selling pushed back to US$1,915 in volatile trade.
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