Gold edges up in Asia

Spot gold edged up on Friday, recovering from a decline of two percent in the previous session, propped up by physical buying interest, but ebbing investment demand on an improved economic outlook continued to weigh on prices. Holdings in the SPDR Gold Trust remained unchanged. Holdings in the iShares Silver Trust, the world's largest gold-backed exchange-traded fund, fell further to 10,526.70 tonnes, its lowest since November.
Spot gold gained 0.1 percent to $1,346.88 an ounce by 0700 GMT, but was on course for a third consecutive week of falls. US gold was little changed at $1,346.5.