Spot gold was up 0.3 percent at $1,219.56 an ounce by 2:47 p.m. ET (1847 GMT), after touching a session low of $1,208.15, its cheapest since Feb. 23. The metal lost 3 percent last week, its biggest weekly loss since November on speculation that the next U.S. rate increase could come as soon as next month.

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