Futures market survey: 80 pct expect range trading of Shanghai Gold on Fri.

Futures market survey: 80 pct expect range trading of Shanghai Gold on Fri.
Posted on: Thu, 10 Mar 2011 21:38:19 EST
Symbols: CHFI

BEIJING, Mar 10, 2011 (Xinhua via COMTEX) --
About 80 percent of futures experts surveyed by the China Finance Corporation expect gold futures traded on the Shanghai Futures Exchange (SHFE) to be range-bound on Thursday, while 20 percent are bullish about the commodity.

The benchmark gold contract, for June delivery, opened 2.57 yuan lower at 299.89 yuan/t Friday

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

The futures brokers that expect range trading of Shanghai aluminum include Industrial Futures, Huawen Futures, Shanghai CIFCO Futures, and Radar Futures. The futures brokers that are bullish about Shanghai aluminum include Zhaojin Futures. (Edited by Liu Xiaoyun, liuxy08@xinhua.org)

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