(Reuters) - Futures for Canada's main stock index tumbled on Friday as investors looked to minimize risk following reports of an escalation in the Middle East conflict, while rising commodity prices contained the decline.

June futures on the S&P/TSX index were down 0.2% at 6:52 a.m. ET (10:52 GMT).

Global stocks eased after reports of Israel's attack on Iranian soil in the latest exchange of events in the region and pushed investors to safe haven assets.

Across the border, U.S. stock index futures also slipped, and the CBOE Volatility index hit its highest in five months. [.N]

On the commodities front, spot gold prices were poised for a fifth week of gains as investors flocked to the bullion amid the tensions, while copper prices hit their highest in nearly two years. [GOLD/] [MET/L]

Materials shares could outperform their sectoral peers this week on strength from metal miners.

Oil prices steadied after an earlier spike on reports of the attack, as market fears of a major escalation in hostilities in the region appeared to ease and build-up of global oil stocks weighed. [O/R]

The Toronto Stock Exchange's S&P/TSX composite index ended 0.2% higher on Thursday, as metal prices boosted the materials sector. [.TO]

The TSP, snapped its recent losing streak on Wednesday but is set for a weekly decline.

In corporate news, brokerage Scotia resumed its coverage of construction supplies provider ADENOMA with "sector outperform" rating.

Earnings in the U.S. are picking up more momentum after streaming giant Netflix gave a revenue forecast below analysts' estimates, and big tech companies due to report their quarterly figures in the next week.


Gold futures: $2,383; -0.1% [GOLD/]

US crude: $82.28; -0.5% [O/R]

Brent crude: $86.58; -0.6% [O/R]

(Reporting by Purvi Agarwal in Bengaluru; Editing by Ravi Prakash Kumar)