Oil stays above $50 dollar level
Mihir Kapadia, CEO and Founder, Sun Global Investments
Gold edged higher in Asia as investors await the US jobs report but any gains are likely to be limited and further downside is seen with Fed officials indicating another US rate increase is on the cards this year. Safe-haven demand for Gold has reduced as tensions in the Korean Peninsula have eased, while Catalonia's move towards independence from Spain so far has had little impact on the precious metal. Spot gold is up 0.1 per cent at $1,269 troy ounce. Copper prices ease slightly in Asia following a three per cent jump Thursday, the biggest daily gain in more than two months.