Experts bullish about gold futures traded on the Shanghai Futures Exchange on Tuesday

About 60 percent futures experts surveyed by the China Finance Corporation, a financial information provider run by Xinhua News Agency, are bullish about gold futures traded on the Shanghai Futures Exchange (SHFE) on Tuesday, while 20 percent expect range-bound trading and the rest 20 percent are bearish about the commodity.

The benchmark gold contract, for June delivery, opened 0.84 yuan higher at 352.00 yuan/g on Tuesday.

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

The futures brokers that are bullish about Shanghai gold include Maike Futures, Dayou Futures and China Futures.

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

The futures brokers that are bearish about Shanghai gold include First Futures. – Xinhua

Tags: Gold analysis, Gold future prices, Gold futures, Gold investment, Gold news, Gold price, Gold price forecast, gold prices, price of gold, Shanghai Futures Exchange, Spot gold, Spot gold price

Posted by VBN on Nov 29 2011. Filed under Gold. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry