Ripplesadvisory, Gold slips as U.S. data lifts dollar, boosts rate hike prospects

Gold inched lower on Friday as Asian stocks and the dollar firmed after upbeat U.S. private-sector job figures appeared to boost the prospects for an interest rate hike this month.

Investors will be looking out for further clues on the outlook for rates in U.S. non-farm payroll data due later in the day.

FUNDAMENTALS

* Spot gold had dropped 0.2 percent to $1,262.95 per ounce by 0054 GMT. It has fallen 0.3 percent for the week and could register its first weekly decline in four weeks.

* U.S. gold futures fell 0.4 percent to $1,265.60 an ounce.

* The dollar hit a one-week high against the yen early on Friday and was last at 111.61 yen.

Here are some investment ideas from market experts for Daily Update Subscribe now https://www.facebook.com/ripplesadvisorypvtltd