Futures market survey: 60 pct expect range trading of Shanghai gold on Wed.
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[February 14, 2012]

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

BEIJING, Feb 14, 2012 (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 gold futures traded on the Shanghai Futures Exchange (SHFE) on Wednesday, while 40 percent are negative about the commodity.


The benchmark gold contract, for June delivery, opened 0.49 yuan higher at 351.20 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 Anliang Futures, Dayou Futures and Jintai Futures.

The futures brokers that are negative Shanghai gold include Industrial Futures and Goldstate Futures. (Edited by Wang Li, wangle1@xinhua.org)

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