Gold prices dropped below the key level of $1,200 an ounce on Friday to hit their lowest in over five weeks, pressured by a stronger dollar ahead of U.S. jobs data later in the day. 

FUNDAMENTALS 

* Spot gold was down 0.2 percent at $1,197.90 per ounce at 0118 GMT, after touching its weakest since Jan. 31 at $1,197.02 earlier in the session. The metal was set for a weekly loss of about 2.8 percent. 

* U.S. gold futures fell 0.4 percent to $1,198.10 an ounce. 

* The dollar index was up 0.1 percent at 101.94.

Get Commodity market Trading Tips for click here http://www.ripplesadvisory.com/services.php.