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Gold lost more than 2% on Tuesday to sink further below the $1,800 support level as a sharp rally in the dollar and rising interest rates sapped appetite for the non-yielding asset. Spot gold was trading at $1,765.22 per ounce by 1:45 p.m. ET (1745 GMT), having earlier declined as much as 2.6%. "There are more attractive alternatives" to gold in the rising interest rate environment, said Chris Gaffney, president of world markets at TIAA Bank.