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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