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Futures market survey: 50 pct expect range trading of Shanghai gold on Mon.
BEIJING, Feb 17, 2013 (Xinhua via COMTEX) --
About 50 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 25 percent are bullish and the rest 25 percent are bearish about
the commodity.
The benchmark gold contract, for June delivery, opened down 3.1
7 percent at 329.70 yuan/g on Monday.
Futures experts here include futures brokers, research in
stitutions and other market observers.
The futures brokers that are bullish about Shanghai gold include
Galaxy Futures.
The futures brokers that expect range-bound trading of Shanghai
gold include Zheshang Futures and Zhaojin Futures.
The futures brokers that are bearish about Shanghai gold include
CITIC Securities Futures. (Edited by Hu Pingchao, hupingchao@xinhua.o
rg)
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