Gold inched up on Friday as higher oil prices boosted its safe-haven appeal, but the metal looked set to post its third straight weekly loss, weighed down by a strong dollar.
Bullion ended 2014 down nearly 2 percent, following a 28 percent slump the previous year, as its investment appeal tapered amid better-performing equities.
Many analysts expect another tough year for gold, with the dollar expected to gain further on expectations of higher U.S. interest rates and a recovering economy.
Spot gold rose 0.3 percent to $1,184.85 an ounce by 0317 GMT, following an uptick in oil. Liquidity was thin in post-holiday trading, with Chinese and Japanese markets closed on Friday.
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