12-02-2016 04:58 via news.yahoo.com

Gold eyes best week in 4 years as market turmoil boosts haven appeal

By A. Ananthalakshmi SINGAPORE (Reuters) - Gold on Friday clung to sharp overnight gains that pushed the metal to a one-year high, and looked set to post its best week in over four years as stock market turmoil stoked safe haven demand. U.S. 10-year Treasury yields hit their lowest since 2012 and the Japanese yen climbed to its highest in 15 months against the dollar, while money continued to flow into gold-backed exchange traded funds. "ETFs have been accumulating the metal for some time now.
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