Magnetization and magnetoresistance were measured at room temperature and a
bove on Au80Fe20 platelets and ribbons obtained by solid-state quenching an
d melt spinning, The as-quenched samples contain a solid solution of Fe in
Au and exhibit a paramagnetic (Curie-Weiss) behavior in the considered temp
erature range; magnetic data indicate very short-ranged magnetic correlatio
n among adjacent spins, enhanced by local composition fluctuations. The sol
id solution is very stable. Only a very limited fraction (never exceeding 1
%) of nanometer-sized, bce Fe particles appears after lone-time isothermal
anneals at suitable temperatures. A negative magnetoresistance was observed
at room temperature in ail examined sample. The observed effect is anhyste
retic, isotropic, and quadratically dependent on magnetic field H and magne
tization M. The signal scales with M rather than with H, indicating that it
depends on the field-induced magnetic order of the Fe moments, as it does
for conventional giant magnetoresistance in granular magnetic systems. This
effect derives from spin-dependent scattering of conduction electrons from
single Fe spins or very small Fe clusters. The scattering centers are almo
st uncorrelated at a distance of the order of the electronic mean free path
(of the order of 1.5 nm, or a few atomic spacings, at RT).