By Ed Ballard
LONDON--Gold prices declined Friday ahead of U.S. employment data that could tilt the market's view of whether the Federal Reserve is about to hike interest rates, a prospect that has undermined the gold price in recent weeks.
The precious metal was down 0.2% at $1,174.95 a troy ounce in morning trade. It's set for a 0.95% decline for the week, weighed down by a stronger dollar. The WSJ Dollar Index, which tracks the greenback against a selection of other currencies, was recently 0.02% higher at 91.62, up 0.4% for the week.