(Reuters) - Spot gold rose as high as $691.50, surpassing an 11-month high of $691 on April 16, but profit-taking kicked in as the dollar strengthened against the euro , while Japanese gold futures tumbled nearly 1.5 percent due to the yen's broad rally.
But sentiment for gold remained bullish based on expectations that the dollar will stay weak in the long run, with speculative buying in platinum after a planned launch of new exchange-traded funds lending support.
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