Gold prices retreated more than 1 percent from record highs as a recovery in appetite for assets seen as higher risk, such as stocks, took the shine off the rally for the precious metal.
David Davis, a gold mining analyst at SBG Securities, said it looked like there was "profit taking on a potential correction on the gold price."
Another analyst also said it made sense that profits would be scooped now as Gold Fields has outperformed, having risen about 27 percent over
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