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Spot gold fell 0.2% to $1,893.80 per ounce by 0139 GMT, retreating from $1,908.02 - its highest since June 3 hit earlier in the session. U.S. gold futures were steady at $1,898.60.
Malaysian palm oil futures hit a record high on Monday, rising for a fourth straight session, buoyed by a rally in crude oil prices and talks of export restrictions by top producer Indonesia. The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange was up 0.94% at 5,372 ringgit ($1,284.25) .
Malaysian palm oil futures rebounded on Tuesday after falling for two straight sessions, as they tracked rival oils that rose on strengthening exports and persisting concerns of supply crunch.