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TMCNet:  Futures market survey: 60 pct expect range-trading of Shanghai gold on Wed.

[February 05, 2013]

Futures market survey: 60 pct expect range-trading of Shanghai gold on Wed.

BEIJING, Feb 05, 2013 (Xinhua via COMTEX) -- About 60 percent futures experts surveyed by the China Finance Corporation, a financial information provider run by Xinhua News Agency, expect range-trading of gold futures traded on the Shanghai Futures Exchange (SHFE) on Wednesday, while 40 percent are bullish about the commodity.


The benchmark gold contract, for June delivery, opened 0.11 pct lower at 340.90 yuan/g on Wednesday.

Futures experts here include futures brokers, research institutions and other market observers.

The futures brokers that are bullish about Shanghai gold include Galaxy Futures and Honghai Futures.

The futures brokers that expect range-bound trading of Shanghai gold include ITG Futures, Yide Futures and Zhonggang Futures.

(Edited by Liu Xiaoyun, liuxy08@xinhua.org)

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