Gold rose as much as 1 percent on Tuesday before losing some of the gains as investors kept an eye on the dollar ahead of expected interest rate cuts by major central banks and the US presidential poll. The dollar firmed against the euro, extending previous day's gains as concerns about financial markets and the global economy prompted investors to seek perceived safety in dollar-demoninated assets.
Clues to the US election result could begin to emerge after the first polls begin to close at 2300 GMT on Tuesday. Gold hit a high of $730 an ounce to track a rebound in equities before slipping to $726.25 an ounce as the euro weakened against the dollar, still up $3.90 from New York's close.
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