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

[January 31, 2013]

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

BEIJING, Jan 31, 2013 (Xinhua via COMTEX) -- About 40 percent futures expe rts surveyed by the China Finance Corporation, a financial information provider run by Xinhua News Agency, are bullish about gold futures tr aded on the Shanghai Futures Exchange (SHFE) on Friday, while 40 perce nt expect range-bound trading and the rest 20 percent are bearish abou t the commodity.
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The benchmark gold contract, for June delivery, opened down 0.9 7 percent at 338.20 yuan/g on Friday.

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

The futures brokers that are bullish about Shanghai gold include Guosen Futures and Galaxy Futures.

The futures brokers that expect range-bound trading of Shanghai gold include Anxin Futures and Industrial Futures.

The futures brokers that are bearish about Shanghai gold include Sinosteel Futures. (Edited by Hu Pingchao, hupingchao@xinhua.org)

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