Though the precious metal has slipped in value for four straight trading sessions, thus far this year it has gained 5.7 percent. It is now pursuing its 11th straight year of annual gains, its all-time record high price is $1,577.57 per troy ounce set on May 2, and concerns about the sovereign debt crisis are a large part why the metal soared in value earlier this year.
"We would not be surprised to see a pick-up in safe-haven interest in the short term," states a Tuesday report by analyst William Adams of Basemetals.com in London. "Given the uncertainty over Greece, we are surprised they have not attracted more safe-haven buying" the report states, also referencing silver.
At 5:09 a.m. on Tuesday, gold futures climbed 0.41 percent, a $6.10 gain to $1,502.50 per troy ounce. At 5:10 a.m., silver futures were up 1.08 percent, a 36.3 cent rise to $33.96 per troy ounce.
The Wall Street Journal reports hundreds of thousands of Greek workers walked off the job and demonstrated for the second time this month in protest of expected budget cuts to secure emergency aid to prevent the nation from defaulting on bailout repayments.
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