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Futures market survey: 60 pct expect range trading of Shanghai gold on Mon.
BEIJING, Jan 27, 2013 (Xinhua via COMTEX) --
About 60 percent futures exp
erts surveyed by the China Finance Corporation, a financial informatio
n provider run by Xinhua News Agency, expect range-bound trading of go
ld futures traded on the Shanghai Futures Exchange (SHFE) on Monday, w
hile 40 percent are bearish about the commodity.
The benchmark gold contract, for June delivery, opened down 0.4
9 percent at 337.78 yuan/g on Monday.
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 HNA Futures, Industrial Futures and Zhaojin Futures.
The futures brokers that are bearish about Shanghai gold include
Hongyuan Futures and China Futures. (Edited by Hu Pingchao, hupingcha
o@xinhua.org)
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