Gold prices slip, but on track for fifth week of gains.
Byline: S. Kamal Hayder Kazmi
Gold slipped on Friday as the dollar regained some ground on the back of strong US jobs data, but the metal was still on track for a fifth week of gains.
Spot gold was down 0.1 percent at $1,232.02 per ounce by 11:56 am EDT (1556 GMT). US gold futures were down 0.4 percent at $1,233.70 per ounce.
Gold is sensitive to higher US interest rates, which increase the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced.
Gold jumped about 1.5 percent in the previous session as the dollar retreated sharply from a...
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