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US gold futures scale record high as oil rallies

NEW YORK, Feb 20 (Reuters) - U.S. gold futures rose sharply to a record high in afternoon electronic trade on Wednesday as a rally in crude oil futures stirred inflation fears among investors.

At 3:05 p.m. EST (2004 GMT), the active gold contract for April delivery GCJ8 jumped $13.10 or 1.4 percent to $942.90. Just minutes earlier, it had reached an all-time peak of $944.30. (Reporting by Frank Tang)

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