Gold Prices Surge On Potential Greek Exit From Eurozone, Will Gains Continue? SMM Interviews-Shanghai Metals Market

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Gold Prices Surge On Potential Greek Exit From Eurozone, Will Gains Continue? SMM Interviews

Industry News 03:40:30PM Jan 07, 2015 Source:SMM

SHANGHAI, Jan. 7 (SMM) – The dollar has a strong start to the year of 2015, with the US dollar index climbing above 91. Gold market, however, also posted strong gains.  

Will gains in gold market continue? 

“Recent gains in gold market are mainly because of tumbling oil prices and Greece possibly leaving the eurozone after January’s election, but holdings in gold ETFs stay at the lowest level since 2011’s high,” an analyst from Dayou Futures told SMM in an interview. 

The gold market failed to reverse its downward track in 2012 after safe-haven demand, spurred by European crisis, receded, he added.  

Another analyst from Zhaojin Futures, however, expects gold price to continue rising in the short run, believing seasonal-demand in China ahead of the Chinese New Year holiday will boost gold prices, in addition to oil and Greek factors.  

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. 
Key Words:  gold price  gold ETF  SMM interview 

Gold Prices Surge On Potential Greek Exit From Eurozone, Will Gains Continue? SMM Interviews

Industry News 03:40:30PM Jan 07, 2015 Source:SMM

SHANGHAI, Jan. 7 (SMM) – The dollar has a strong start to the year of 2015, with the US dollar index climbing above 91. Gold market, however, also posted strong gains.  

Will gains in gold market continue? 

“Recent gains in gold market are mainly because of tumbling oil prices and Greece possibly leaving the eurozone after January’s election, but holdings in gold ETFs stay at the lowest level since 2011’s high,” an analyst from Dayou Futures told SMM in an interview. 

The gold market failed to reverse its downward track in 2012 after safe-haven demand, spurred by European crisis, receded, he added.  

Another analyst from Zhaojin Futures, however, expects gold price to continue rising in the short run, believing seasonal-demand in China ahead of the Chinese New Year holiday will boost gold prices, in addition to oil and Greek factors.  

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. 
Key Words:  gold price  gold ETF  SMM interview