Gold slipped to a three-week low in choppy trade on Tuesday as unfavourable currency fundamentals, falling oil and struggling stock markets prompted investors to continue taking profits from last week's record high. But the precious metal later pared losses as European shares recovered and the dollar weakened against the euro on market talk of interest rate cuts by central banks. Spot gold fell as low as $849.50 (U.S.) an ounce before trimming losses to $860.70/871.40 by 1223 GMT, still down from $867.10/867.80 in late European trade on Monday.

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