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

[February 26, 2013]

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

BEIJING, Feb 26, 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-bound trading of the 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 3.46 yuan higher at 328.99 yuan/g on Wednesday morning.

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

The futures brokers that expect range-bound trading of Shanghai Gold include Dahua Futures, Yide Futures and Anxin Futures.

The futures brokers that are bullish about Shanghai Gold include Founder Futures and Sinosteel Futures. (Edited by Wang Li, wangle1@xinhua.org)

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