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Futures market survey: 60 pct expect range trading of Shanghai gold on Fri.
BEIJING, Jan 03, 2013 (Xinhua via COMTEX) --
About 60 percent futures expe
rts surveyed by the China Finance Corporation, a financial information
provider run by Xinhua News Agency, expect range-bound trading of gol
d futures traded on the Shanghai Futures Exchange (SHFE) on Friday, wh
ile 40 percent are bearish about the commodity.
The benchmark gold contract, for June delivery, opened 0.65 per
cent lower at 337.19 yuan/g on Friday.
Futures experts here include futures brokers, research in
stitutions and other market observers.
The futures brokers that expect range-bound trading of Shanghai
gold include ITG Futures, Donghai Futures and Sinosteel Futures.
The futures brokers that are bearish about Shanghai gold include
Zhaojin Futures and Industrial Futures. (Edited by Hu Pingchao, hupin
gchao@xinhua.org)
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