Gold sank to a five-week low on Thursday, with analysts expecting further losses as investors become increasingly certain that U.S. interest rates will rise this month.
Spot gold was down 0.32 percent at $1,203.58 per ounce. Earlier in the session, it hit $1,202.70, the lowest since Feb. 1.
U.S. gold futures eased $6.20 to settle at $1,203.20. Gold futures hit $1,202.90 earlier, the lowest level since Feb. 1 when gold traded as low as $1,199.70.
Strong U.S. economic data and comments by Federal Reserve officials have reinforced expectations of a March increase to U.S. rates.