We report on an all-optical magnetometric technique based on nonlinear magneto-optical rotation with amplitude-modulated light. The method enables sensitive magnetic-field measurements in a broad dynamic range. We demonstrate the sensitivity of $4.3times10^{-9}$ G/$sqrt{text{Hz}}$ at 10 mG and the magnetic field tracking in a range of 40 mG. The fundamental limits of the method sensitivity and factors determining current performance of the magnetometer are discussed.
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