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TMCNet:  Futures market survey: 40 pct bullish about Shanghai gold on Mon.

[February 03, 2013]

Futures market survey: 40 pct bullish about Shanghai gold on Mon.

BEIJING, Feb 03, 2013 (Xinhua via COMTEX) -- About 40 percent futures experts survey ed by the China Finance Corporation, a financial information provider run by Xinhua News Agency, are bullish about gold futures traded on th e Shanghai Futures Exchange (SHFE) on Monday, while 60 percent expect range-bound trading of the commodity.


The benchmark gold contract, for June delivery, opened 339.18 yuan/ g on Monday.

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

The futures brokers that are bullish about Shanghai gold include HN A Futures and ITG Futures.

The futures brokers that expect range-bound trading of Shanghai gol d include Zhao Jin Futures, Donghai Futues, and Hongyuan Futures.

(Edited by Huang Xiaolan, huangxiaolan@xinhua.org)

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