Gold edged higher in early Asian trade, supported by the prospect of rising investor demand. "The Shanghai gold exchange has accepted four Chinese life insurers as exchange members, allowing them to buy gold as part of a pilot program that could expand the network of gold buyers and create a major new buying impulse," TD Securities' Daniel Ghali said in a research note. The four life insurers have combined assets of nearly CNY13 trillion and represent nearly two-thirds of the potential buying impulse from the pilot program, the senior commodity strategist added. Spot gold edged up 0.1% to $3,021.09/oz. (Newsmaker23)

Source: Dow Jones Newswires