SHANGHAI, Dec. 10 (SMM) – The precious metals market surged after Greece’s PM Samaras Called a snap presidential election.
On Dec. 10, SHFE 1506 gold advanced by 3.51% and SHFE 1506 silver soared to the daily limit.
Will the price rally be continuing?
“Technically, the gold market will be continuing rising,” an analyst from Zhaojin Futures told SMM in an interview.
Rising demand for risk aversion after Greece’ snap election decision was the main reason behind the recent rallies, the analyst said.
Another analyst from Guotai Junan Futures said, however, that recent gains in global stocks market will remain attractive to investors, and this will reduce appetite for safe-haven.
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