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Home / Metal News / Will Big Rallies in Gold and Silver Market Continue after Greece Political Woes? SMM Interviews

Will Big Rallies in Gold and Silver Market Continue after Greece Political Woes? SMM Interviews

Dec 10, 2014 16:31

Source:SMM

The precious metals market surged after Greece’s PM Samaras Called a snap presidential election.

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.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

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