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Gold futures were driving toward a two-day win streak on Friday, building on the yellowish metal's biggest advances since late January during the session prior, according to Reuters.

The gains on Thursday halted the precious metal's longest bearish streak in five months, which tracked the poor performance of the shared currency of the European Union. Concerns for two-time international bailout aid recipient Greece and its fiscal and political stability were weighing heavily on the euro and the precious metal.

"In this multi-crisis environment, we are seeing a change in attitude towards risk in gold, so we are very optimistic," analyst Bayram Dincer with LGT Capital Management told Reuters. "We got to the point where the year-to-date performance was zero, and from a risk perspective people started to recognise that this was somewhere with lower risk compared to other asset classes."

At 9:49 a.m. on Friday, gold futures climbed 0.94 percent, a $14.80 lift to $1,589.70 per troy ounce.

Bloomberg credits the climb to deepening concerns about the euro debt scourge damaging the 17-nation bloc as investors sought gold for storage purposes.

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