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Thread: To buy gold futures?

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[quote=ZOEY,264356]According to the news, China gold futures started its debut on the Shanghai Futures Exchange (SFE). Yesterday, the SFE released its benchmark price for gold futures set at 209.99 yuan per gram. It is said that seven contracts were trading on SFE. Those analysts say that the limit for its debut day was set at 10 percent. Also investors would need at least 24,000 yuan to secure a futures contract, as most futures brokers would ask for a 12 percent cash deposit for each contract. Forget to say, Trading was from 9 a.m. to 11:30 a.m. and from 1:30 p.m. to 3 p.m.  Beijing time each weekday.

Meanwhile, analysts estimate that gold futures might be rising in the near future due to the high crude oil price, weak US currency and potential inflation risk. However, investors should understand that futures are riskier than shares. Just be rational in doing investment. From those analysts' words, we see that soaring crude oil price and weak dollar make gold more valuable.

Is it another 'Gold Rush'? What do you think of gold futures? Will it be as popular as shares on mainland?[/quote]

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